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Frequently asked questions

Does the Better Cash Offer have an appraisal contingency?

An appraisal contingency means that the buyer can back out of the transaction without losing their earnest money deposit if an appraiser determines that the home is worth less than the offer price. Better Cash Offers have no appraisal contingency if you use Better Mortgage and make a 6% down payment, thanks to our Appraisal Guarantee. The guarantee means that if your appraisal comes in low, we guarantee to fund you at the same terms. If your planned down payment is less than 6%, we will submit your case for review by our Capital Markets team. If you are approved, you will be able to make use of the Appraisal Guarantee program. If you are not approved, it is your decision whether to include an appraisal contingency. Therefore, if you waive the appraisal contingency with the original seller, you will also need to waive the inspection contingency when purchasing back from Better Real Estate.