Waiver of Real Estate Appraisal

Did you know that a 'Waiver of Appraisal" doesn't mean your lender is not going to conduct an appraisal? Your lender will always conduct an appraisal unless you're putting down a hefty deposit. It is at their underwriter's discretion. A "Waiver of Appraisal" means that you will purchase a property at your contract agreed price regardless of the appraised value.