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re: House buying question - didn’t meet appraisal Update: pg 3

Posted on 9/10/22 at 12:48 pm to
Posted by mortgagemanlc
Member since Jul 2020
53 posts
Posted on 9/10/22 at 12:48 pm to
You should have an appraisal contingency. Rarely see them in Louisiana without one.

Basically this reopens negotiable and gives you the option to walk away with your earnest money.

As far as current home, if your sale was contingent you’ll be fine. If not you may have to sell if buyers push it.
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