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Updated over 4 years ago,
Seeking Appraisal Help
Hello!
I am currently under contract on a property in North Jersey (Morris Plains). The property is a two family house, 2 bed 1 bath on the first floor, 1 bed and 1 bath on the second. We are running into some issues with the sellers attorney regarding the appraisal language. They are insisting that the contract state that no matter what the house appraises for we still have to proceed with the sale. My offer price was a bit over listing as the market is extremely competitive. I am not extremely worried about the house appraising low but I was curious if anyone had any input on a particular situation like this. Or if anyone is an appraiser and wouldn't mind chatting further. I appreciate the help!