With the new Home Valuation Code of Conduct (HVCC) law, I have no control over whom to order your appraisal from. Without this control comes the lack of a relationship with the appraiser to ask them to appraise your home in a timely manner.
Your Realtor should know about the HVCC and be able to account for this in the offer that you pose and for the escrow period. If they do not know (which they better know about), then you need to be informed enough to be able to ask this question.
A financing contingency is a part of the purchase agreement when you make an offer on a home. Traditionally, financing contingencies are either 14 or 17 days. What this contingency means is that you have a set amount of days to secure a loan: all of the conditions for your loan are approved and cleared (funds to close, required reserves, income documentation, appraisal reviewed and accepted, qualifying is acceptable…).
Your realtor should confirm underwriting and appraisal turn-times with the mortgage professional handling your loan. It is crucial to assure that the financing contingency period can be met; otherwise, your earnest money deposit may be at risk.
