Appraisal Contingent Chattanooga

[Greg Been]

I"m new to the Chattanooga market and was informed by a realtor that appraisal contingent loans aren't commonly accepted. Is this everyone's experience as well? 

[Charles Jabaley]

It's definitely still possible to get an offer accepted with this contingency, but in multiple offer situations, it's super common for people to adjust their offers and remove that contingency. It's not always necessary to waive the entire contingency, but even offering a slight appraisal gap and saying you'll make up a small difference in cash (if the appraisal comes in low) goes a long way. But I agree with @Jason Silvenis - if you're buying a fixer-upper, appraisal contingency probably isn't necessary. Hope this helps - good luck!!