Appraisal vs Offer challenges

[Laura Kastner]

Hi,

As most of is are pretty aware;

1. Im not seeing anying go for under asking price or even asking price (unless the place has burned to the ground & the ask is just for land.

2. How does one determine which STRs are the top performers? 

3. To win a bid, usually you have to waive the appraisal contingency. Are there creative ways to do that with sinking in/ losing EMD and ending up paying an extra 10's of thousands to bridge the gap between appraisal & offer? (I'm talking having to shell out another extra 30k-100k in addition to down payment, closing costs, etc???

For example:

The initial ask is 450K, the nearby comps are around 400k, and the seller wants 500k. So you’d be stuck paying 100k + close.

Can you waive appraisal & say buyer will make up to 20k to close the gap or is that still a contingency?

Any creative ideas are appreciated :)

Thank you in advance!!!