Appraisal Protection
Learn more about Appraisal Protection, a feature that removes the appraisal contingency and helps guarantee closing.
Introducing our new Partner Program called Appraisal Protection
We understand it’s more difficult than ever to make a house a home in today’s market marked by low inventory and an abundance of competition. We’re here to make the possibility of homeownership a reality by offering contingency-free cash offers on your behalf. The best part? We now allow you to waive the appraisal contingency for all deals knowing we’ve got your back.
Appraisal Protection is applicable on all Cash Offer Upgrades and guarantees your contract price up to the program’s Max Value. Now you can make your first offer your best offer with peace of mind.
What is Appraisal Protection?
Appraisal Protection guarantees your contract price up to the program’s Max Value. If the home appraises for a lower value than the contract price, the program will make up the difference for no additional fee. This provides the seller with peace of mind since a low appraisal won’t derail the closing.
It’s applicable on all Cash Offer Upgrades which means that your offer will have no financial, home-sale or appraisal contingencies!
Example transaction
Let’s say you want to make an offer on a home listed at $350,000. You request a valuation from our partner program platform and we value the home at $365,000 (this is the Max Value). It’s a competitive market so you want to offer over list price, at $365,000. If the home appraises for $355,000, usually you’d have to attempt to negotiate with the seller, walk away from the deal, or come up with the extra $10,000 out of pocket however with Appraisal Protection, we will cover the difference of $10,000 for you.
- $350,000 List Price
- $365,000 Max Value
- $365,000 Contract Price
- $355,000 Appraised Value
- Appraisal Protection Amount: $10,000