Hello, I am going crazy. I am supposed to close on a house on Tuesday. The buyer did not perform an inspection and the lender did not order an appraisal. The lawyer says that everything is good on her hand but I am not sure if she is the deciding factor here. Can a home close without a physical appraisal ? I don’t have a closing time yet, just the date. My realtor reached to the lender and have no heard back.

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Whether or not an appraisal is required is dependent on the buyers lender. If the buyers lender wants to waive the appraisal then that is up to them. I have seen it done but it is rare. The point of the appraisal is to make sure that the home is worth what the lender is lending to ensure that the lender can recoup their losses of they have to foreclose if the buyer defaults.

All this is to say, it has nothing to do with you as the seller. As long as the buyer's lender will still give them financing, all is well.

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True... I am hoping the Lender hasn’t forgotten or something. Lol am already packing.

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