How Can I Make My Offer More Competitive - Waiving the Appraisal
Channel: Living in Boston & the Burbs by Jeffrey Chubb
Date: 2021-02-16

How can I Make My Offer More Competitive? Waiving the Appraisal is one of the best (and most risky) ways when using the Chubb Homes Team Buying Power Checklist to make your offer more competitive.

For a seller, waiting for the appraisal is one of the more stressful parts of the transaction. Will the appraiser see the value in the property and agree with the agreed upon price? Because if the property doesn't appraise, then it can ruin the deal in late hours of the transaction. Many times the seller has packed and there are severe hardship to put the house on the market. 

This is why waiving an appraisal can be such a powerful tool in a negotiation and ultimately be the reason why a seller picks your offer in a competitive situation. The power of waiving the appraisal is the reason why it is worth two checks towards the buying power of the buyer.

In this episode, Jeffrey and Jason talk about the option of waiving the appraisal and the major risk in doing so. This is an option that should not be taken lightly. 

The Buyer Power Checklist breaks down an offers buying power into three different categories. A buyer's offer will either be in the 'Low', 'Average' or 'High' Buying Power category.

https://www.boston2.com/blog/how-can-i-make-my-offer-more-competitive-the-buying-power-checklist/