Hi Sally it is when you waive your rights of contingency. Could be for laon. inspections, etc Many bank owned properties will ask for shorter than normal contingency periods especially with potential buyers.
If you need any help let me know
First Team Real Estate
(714) 552-6817... more
Agent can NOT sign for Buyer unless a POA is in effect. If agent signs Buyer's signature it is probably considered forgery. No agent worth their salt would ever sign for a principal. That's my 2 cents.... more
First of all, congratulations for having the Appraisal Contingency. Follow the clauses in your appraisal Contingency. You should have an option to buy, have the Seller lower the price to the appraised value or negotiate the difference, or simple walk away.
You may ask your Agent for a Market Analysis for Buyers on the property of your interest as a caution.
I believe that with this strategy, you've got yourself well covered.