Get the free APPRAISAL CONTINGENCY EXHIBIT - Realty Solution

Print APPRAISAL CONTINGENCY EXHIBIT 2008 Printing This Exhibit is part of the Agreement with an Offer Date of for the purchase and sale of that certain Property known as:, Georgia. This Agreement

How to fill out appraisal contingency exhibit

How to fill out an appraisal contingency exhibit:

1. Start by reviewing the appraisal contingency exhibit form provided by your real estate agent or attorney. Familiarize yourself with the sections and the information required.
2. Begin filling out the exhibit by entering your name, contact information, and any other personal details specified in the form.
3. Next, provide a detailed description of the property that is subject to the appraisal contingency. Include the property address, legal description, and any additional relevant information.
4. Specify the agreed-upon purchase price of the property and any adjustments or credits that have been negotiated between the buyer and the seller.
5. Indicate the type of appraisal contemplated by the contingency, whether it's a full appraisal, a drive-by appraisal, or any other specific type.
6. Include the timeframe within which the appraisal must be completed. This is often a specific number of days from the execution of the contract.
7. Note any conditions or requirements that must be met for the appraisal to be considered valid. This may include the appraisal value falling within a certain range or meeting certain lender criteria.
8. If there are any provisions for renegotiating the purchase price based on the appraisal results, specify them in the exhibit.
9. Finally, both the buyer and the seller must carefully review the filled-out appraisal contingency exhibit. Make any necessary corrections or additions before signing and dating the document.

Who needs an appraisal contingency exhibit:

1. Buyers: An appraisal contingency exhibit is beneficial for buyers as it protects their interests in case the appraised value of the property falls short of the purchase price. It allows them to renegotiate or potentially withdraw from the transaction if the appraised value does not meet their expectations.
2. Sellers: Although sellers may not typically benefit directly from an appraisal contingency exhibit, including it in the contract can attract serious buyers who want the reassurance of an appraisal before finalizing the purchase. Additionally, it can help avoid potential disputes or legal issues regarding the appraisal process.

In summary, filling out an appraisal contingency exhibit requires careful attention to detail and an understanding of the specific form. Buyers and sellers can benefit from including this exhibit in their contract to protect their interests and ensure a smooth and fair transaction.

For pdfFiller’s FAQs

What is appraisal contingency exhibit?

Appraisal contingency exhibit is a clause in a real estate contract that allows a buyer to back out of a sale if the property does not appraise for the agreed-upon price.

Who is required to file appraisal contingency exhibit?

The buyer is typically required to file the appraisal contingency exhibit.

How to fill out appraisal contingency exhibit?

To fill out the appraisal contingency exhibit, the buyer needs to provide information about the property, the agreed-upon price, and any conditions that must be met for the sale to proceed.

What is the purpose of appraisal contingency exhibit?

The purpose of the appraisal contingency exhibit is to protect the buyer in case the property appraises for less than the agreed-upon price.

What information must be reported on appraisal contingency exhibit?

The buyer must report details about the property, the agreed-upon price, and any conditions that must be met for the sale to proceed.

How can I modify appraisal contingency exhibit without leaving Google Drive?

pdfFiller and Google Docs can be used together to make your documents easier to work with and to make fillable forms right in your Google Drive. The integration will let you make, change, and sign documents, like appraisal contingency exhibit, without leaving Google Drive. Add pdfFiller's features to Google Drive, and you'll be able to do more with your paperwork on any internet-connected device.

How can I send appraisal contingency exhibit to be eSigned by others?

When you're ready to share your appraisal contingency exhibit, you can swiftly email it to others and receive the eSigned document back. You may send your PDF through email, fax, text message, or USPS mail, or you can notarize it online. All of this may be done without ever leaving your account.

How do I edit appraisal contingency exhibit online?

The editing procedure is simple with pdfFiller. Open your appraisal contingency exhibit in the editor. You may also add photos, draw arrows and lines, insert sticky notes and text boxes, and more.