Whenever I've done seller-financed deals, I've offered something a little more to the seller such as a higher down payment, higher interest rate, quick close, reduced contingencies etc. to sweeten the deal beyond a normal sale, and I've shown them proof of funds that I can pay off the property in cash, so that helps give them peace of mind that I'm a credit-worthy borrower.

In my area , inventory is still low and people are offering over asking , without an apprasial contingency .If you are happy with the deal and you can make the numbers work , go for it . 

Importantly, the LOI isn't legally binding but serves as a preliminary document outlining your interest, potential purchase price, and contingencies, allowing for negotiation before finalizing a purchase agreement.

We would need to add the contingencies for title, appraisal, inspection, etc so just wanting to make sure to cover all the necessary items.  

We start with the ARV and back into the target price we're willing to pay by subtracting out the rehab budget, contingency reserve, profit margin, buy and sell side closing costs, and holding costs for the time value of money.

—as security for a loan, the borrower has a contingent liability.

We got a guy here in Cbus/cleveland who fancies himself something of a youtube star, his listings tend to sit for a long time because they are overpriced, his rent projections are generally pretty high and not reality, and he generally doesn't accept offers with inspection contingencies. 

So if you’re past the inspection or due diligence contingency period, check with your agent or attorney before deciding as that may not be a reason to exit without being in default.

If I make an offer which is contingent upon satisfactory appraisal and inspection, what happens if the appraisal value is lower than what I offered.?

Especially in real estate where contingencies come up that even the most seasoned of real estate investors don't expect?