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Updated almost 3 years ago on . Most recent reply
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Quick Flip Question
Quick question, I’m looking at purchasing a home with all cash and waving the appraisal. My main concern or question is, if I purchase this home and close on it in two weeks and then relist the home a couple weeks later, will I run into issues with an appraisal when I later bring in a buyer for myself.
The strategy behind this is to waive the appraisal in hopes of getting a really good purchase price and then making money when I resell.
Most Popular Reply
Quote from @Paul K. McCoy:
Quick question, I’m looking at purchasing a home with all cash and waving the appraisal. My main concern or question is, if I purchase this home and close on it in two weeks and then relist the home a couple weeks later, will I run into issues with an appraisal when I later bring in a buyer for myself.
The strategy behind this is to waive the appraisal in hopes of getting a really good purchase price and then making money when I resell.