Quote:
Originally Posted by Vinny01
I am curious about the appraisal process. We sold our house on Sunday and our purchasers had a down payment that avoids CMHC fees so the bank is scheduling an appraisal and I am concerned what it could do to our deal. If the bank appraises the house lower than what we sold it for it will force our sellers to come up with more money or they will try and renegotiate with us.
I am concerned the appraisals are not in line with the hot market. Interested if anyone has gone through this with a home sale or purchase and how it went?
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Is the sale conditional to their financing?