The Appraisal Contingency and Philadelphia Real Estate

When you are negotiating for the purchase of real estate in Philadelphia and Pennsylvania, the import of understanding Loan to Value concepts and the appraisal process cannot be stressed enough. Do you want to be pressured into buying a home that does not appraise for the purchase price or have your deposit jeopardized? It is vital that you confer with a real estate attorney prior to entering into any real estate contract, to ensure that you have a legally viable exit strategy. A real estate attorney can assist with this aspect of the transaction.

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