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APPRAISAL CONTINGENCY ADDENDUM THIS APPRAISAL CONTINGENCY ADDENDUM (this Addendum) is made and entered into as of ___, and is by and between ___, with a mailing address of ___ (Buyer), and ___, with
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How to fill out appraisal contingency addendum form
How to fill out appraisal contingency addendum form
01
Obtain a copy of the appraisal contingency addendum form from your real estate agent or online.
02
Fill in the date at the top of the form to indicate when the addendum is being added to the contract.
03
Enter the address of the property that is being appraised in the designated space.
04
Include the purchase price of the property in the appropriate section.
05
Specify the amount of the appraisal contingency, which is typically a percentage of the purchase price.
06
Sign and date the form to indicate your agreement with the terms of the appraisal contingency addendum.
Who needs appraisal contingency addendum form?
01
Buyers who want to protect themselves in case the property does not appraise for the purchase price.
02
Sellers who want to understand the appraisal process and how it may affect the sale of their property.
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What is appraisal contingency addendum form?
The appraisal contingency addendum form is a document that allows a buyer to make their offer contingent upon the property being appraised at a certain value.
Who is required to file appraisal contingency addendum form?
Buyers are typically required to file the appraisal contingency addendum form as part of their offer on a property.
How to fill out appraisal contingency addendum form?
The form can be filled out by providing the necessary information such as the agreed upon purchase price, the value the property must appraise for, and any other relevant details.
What is the purpose of appraisal contingency addendum form?
The purpose of the form is to protect the buyer in case the property appraises for less than the agreed upon purchase price.
What information must be reported on appraisal contingency addendum form?
The form must include details such as the purchase price, the appraisal value required, and any other conditions related to the appraisal.
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