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You’re a buyer and your offer just got accepted – congratulations! 

You are being the best buyer ever and you have all your remaining requested information over to your loan person, and now you’re informed you have the option for an appraisal waiver … what’s that all about?

REALTOR Steve Ostrom with Coldwell Banker Realty in Roseville, CA sits down with the mortgage broker, Dara Delgado with Dara’s Loans to review why some files might see the option of an appraisal waiver and what could possibly be some of the variables that create this scenario. 

We also touch on why you may NOT want an appraisal waiver as a buyer.

Each buyer scenario is unique with inherent risks any party is willing to take on or forego the option of an appraisal waiver. There may be strategic maneuvers when a buyer may choose to state that they may have an appraisal waiver to increase the appeal of their offer, but as always, you should always review in detail, the pros and cons of your unique situation to understand all risks and possible benefits.

We do encourage you discuss these items with your lender in advance of going into contract and be sure to include your buyer’s agent in this conversation. Never rush into any financial decision without research and having your questions and concerns answered.

To discuss your unique scenario as a buyer (or seller that will be in this scenario) – give Real Estate Agent, Steve Ostrom a call or text 916-308-2446 or click here. **

To review loans and investments, give Dara Delgado a call / txt at 916-224-3327 or click here to visit Dara’s website. NMLS #249825 | CALIFORNIA – Mortgage Broker that can assist with refinances, purchases, and loans. **