Appraisal addendum (to sign or not to sign)

[Jeffrey Bullock]

I am new to investing and currently put an offer on a duplex listed at 148k in the dfw area. The property is right across the street from a college and stays 100% leased all year at 700 a month each side. I can most likely upgrade to get another 100 per side. The problem is that the comps for the property are all over the place and when I placed my offer I was in a multiple offer situation. I ended up winning, by increasing my offer to 152k but had to sign the addendum saying if it didn’t appraise I would have to bring the cash difference. My option period starts Friday and I am having serious doubts that Irby won’t appraise and I may have my firstborn deal be a bad one. Still not too late to get out though. Any thoughts. Thanks