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We continue to see a red hot market with little inventory and plenty of competition.  This means that buyers are still making above asking price offers.  It also means that you have to figure out how to bridge the appraisal gap.  This podcast examines the market stats that create this market. I also discuss the difference in appraisal contingencies and appraisal gap clauses.  Lastly, I discuss issues that could kill your deal as well as how to draft language to covers all aspects of the appraisal gap transaction. 

Also, another episode of Gary's Good News Only! 

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Gary


Gary serves on the South Carolina Real Estate Commission as a Commissioner. The opinions expressed herein are his opinions and are not necessarily the opinions of the SC Real Estate Commission.  This podcast is not to be considered legal advice. Please consult an attorney in your jurisdiction for applicable legal advice germane to your issue.

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Gary

* Gary serves on the South Carolina Real Estate Commission as a Commissioner. The opinions expressed herein are his opinions and are not necessarily the opinions of the SC Real Estate Commission. This podcast is not to be considered legal advice. Please consult an attorney in your area.