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Idaho Real Estate Purchase and Sale Agreement PDF Form

Idaho Real Estate Purchase and Sale Agreement PDF Form

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people wonder what happens in the idaho purchase and sale agreement if an appraisal comes in low so when an appraisal comes in low in the idaho purchase and sale agreement the way the purchase and sale agreement is written is that the buyer and seller have the option to renegotiate on purchase price now a lot of times there is extreme buyer competition meaning multiple offers and the winning offer typically is either waiving that appraisal contingency or they're offering to come in with what we call gap financing so say the accepted offer price was 650 000 but the asking price was 600 that buyer would offer say 50 000 of gaap financing to make up the gap between 600 and 650 in the event the appraisal comes in at 600. if it comes in at 650 all good we can all move forward and nobody has to come up with extra money

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