Is this realtor correct ?

[Cody Wray]

I’m speaking to a realtor for a listed $89,900 for a 4plex . I mentioned getting it appraised . This was her response . “””””When the property is under contract your lender will send out an appraiser. They will not accept the appraisal of anyone else. The sales contract protects the buyer. There is a paragraph that reads that the property has to appraise at or below sales offer or the buyer does not have to move forward. No way that you will have more money in a property than it is valued at.””””””. I thought it was possible to go into a deal sometimes with equity already in it ? And to do that wouldn’t it have to appraise for more than I buy it for?