Charleston · Value

Should my North Charleston buyer's agent tell me to waive the appraisal contingency or promise to cover an appraisal gap?

A buyer's agent should explain the risk of waiving the appraisal contingency or promising to cover a gap in North Charleston, not simply recommend it to win a bidding war on the agent's behalf. Waiving the contingency means the buyer covers any shortfall between the appraisal and the contract price in cash, with no way out of the deal if that gap turns out larger than expected. Brian Beatty lays out a buyer's actual cash reserves against that risk before advising either way.

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