Thanks for the feedback. Based on your points, I don’t feel it is necessary to double-app. If for some reason the appraisal does take longer than expected and the seller does not want to extend the contingency period what happens? Do I have the ability to get out on the finance contingency, or do I forfeit my deposit? This is my first home purchase so want to make sure I have all my bases covered.
Also, regarding the purchase the seller was insistent on removing the appraisal contingency. Since we do want the house, we agreed even though it was not a multiple offer situation – especially since my main concern was negotiating the price and since my agent informed me there are other ways to get out if necessary under the inspection clause. Obviously I did my own due diligence and looked at market comps prior to agreeing-don’t want to waste time or money for the appraisal if not necessary.
BTW, didn’t mean to upset you with my earlier comments, just wanted some feedback regarding the idea.
