Examples of Appraised Value in a sentence
Deliver to Seller a written objection accompanied by either a copy of the 214 Appraisal or written notice from lender that confirms the Appraised Value is less than the Purchase Price (Lender Verification).
An “Appraisal” is an opinion of value prepared by a licensed or certified appraiser, engaged 203 on behalf of Buyer or Xxxxx’s lender, to determine the Property’s market value (Appraised Value).
The Appraisal may also set 204 forth certain lender requirements, replacements, removals or repairs necessary on or to the Property as a condition for the Property 205 to be valued at the Appraised Value.
Buyer does not have a Right to Terminate based on the New Loan if the objection is 180 based on the Appraised Value (defined below) or the Lender Requirements (defined below).