If I add a contengency clause stating "local" appraisers only, is this acceptable?

Asked by Sandi, Little Rock, AR Tue Jul 13, 2010

I have had appraisals by persons from other areas (other states), which have been laughable at best. I am considering selling my home and buying another (closer to work) but am hesitating due to this situation.

Thanks, Sandi

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2
Wain Berry, , Fort Lauderdale, FL
Tue Jul 13, 2010
I think that would be a great idea and I think Im going to use it. I just had a deal fall apart because the appraiser used foreclosed properties as comps that were more than a mile away while there were several comps that could have been used in the same neighborhoods.

-Wain Berry
David Wain Realty
1 vote
Mack McCoy, Agent, Seattle, WA
Tue Jul 13, 2010
Who do you expect to bind by this clause, the lender?
0 votes
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