When making an offer using FHA financing, this is more than likely already covered for you in the paperwork your agent will submit to the seller. However, if you are a buyer with a 20% down payment, you may want to consider making your offer contingent on the property appraising at or above the agreed upon sales price. Most lenders for a conventional loan do not require that the home appraise at the sales price if the amount loaned meets the appraised value. And if you are paying cash, it is highly recommended that this contingency is included in your offer.
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