Appraisal Contingency. In addition to the other rights of Buyer set forth herein, this Agreement 🞏 shall or 🞏 shall not be subject to the Property appraising for at least the purchase price. Buyer shall have the rights set forth in this exhibit in the event the Property does not appraise for at least the purchase price in accordance with the terms and conditions set forth below:
Appraisal Contingency. The Property must appraise at a value equal to or exceeding the purchase price or, at the option of Buyer, this contract may be terminated and all xxxxxxx monies shall be refunded to Buyer. If this contract is not subject to a financing contingency requiring an appraisal, Buyer shall arrange to have the appraisal completed on or before . The cost of the appraisal shall be borne by Xxxxx.
Appraisal Contingency. □ This Agreement is NOT contingent upon an appraisal (“Appraisal”) of the Property; or □ Buyer’s obligation to purchase the Property is contingent upon the Property appraising for not less than the Purchase Price. Within days (21 days if not filled in) of the Effective Date (the “Appraisal Contingency Period”), Buyer agrees to obtain an Appraisal of the Property by a licensed appraiser. If after the completion of the Appraisal, Buyer receives written notice from the lender or the appraiser that the Property has appraised for less than the Purchase Price, then Buyer may waive this Appraisal Contingency or terminate this Agreement by providing written notice to Seller, together with a copy of the Appraisal within the Appraisal Contingency Period (such notice being herein called the “Appraisal Contingency Termination Notice”). In the event that Buyer timely exercises such termination right during the Appraisal Contingency Period, this Agreement shall automatically terminate, and Buyer shall receive a return of the Deposit and the parties will have no further rights or obligations under this Agreement (except those that expressly survive termination). In the event that Buyer shall fail to have delivered the Appraisal Contingency Termination Notice to Seller before the expiration of the Appraisal Contingency Period, Buyer shall be deemed to have waived the Appraisal Contingency and shall have no further right to terminate this Agreement pursuant to this Section.
Appraisal Contingency. Xxxxx's obligation to close this transaction is contingent upon Real Estate appraising at or above 62 final sales price of the Real Estate. Buyer has the right to obtain, at Xxxxx’s expense, an independent appraisal performed by an appraiser 63 licensed in Ohio. In the event the Real Estate does not obtain an appraised value (by either Xxxxx’s or Xxxxxx’s appraiser) equal to or 64 greater than the Purchase Price, Buyer shall have the right to terminate this Contract by delivering written notice to Seller on or before the 65 expiration of (i) the time-frame set forth in Section 3 above for obtaining an appraisal in connection with a cash sale or (ii) the time-frame 66 set forth in Section 3 above for obtaining a loan approval (such applicable time period being referred to as the "Appraisal Contingency 67 Period"). If Xxxxx does not deliver written notice to Seller that Buyer is terminating the Contract prior to the expiration of the Appraisal 68 Contingency Period, then Xxxxx’s right to terminate this Contract due to appraised value shall be deemed waived.
Appraisal Contingency. Buyer’s obligation to purchase the property is contingent upon the property 11 appraising for not less than the Purchase Price. If after the completion of an appraisal by a licensed appraiser, Buyer receives written 12 notice from the lender or the appraiser that the Property has appraised for less than the purchase price (a “Notice 13 of Appraised Value”) Buyer may attempt to renegotiate or cancel the RPA by providing written notice to the Seller (with a copy of 14 the Appraisal) no later than calendar days following the date of Acceptance of the RPA; whereupon the EMD shall be 15 released to the Buyer without the requirement of written authorization from Seller. IF this Residential Purchase Agreement is 16 not cancelled, in writing on or before the Appraisal Deadline, Buyer shall be deemed to have waived the appraisal 17 contingency. 18
Appraisal Contingency. In addition to Xxxxx’s other rights herein, this Agreement shall be subject to the following appraisal contingency. Buyer shall cause the Lender to: (a) select an appraiser to perform one or more appraisals of the Property and (b) provide Seller with a copy of any appraisal that is for less than the purchase price of the Property. If any such appraisal is for less than the purchase price, Buyer shall, not later than by the end of the time period set forth in Section 4 above, have the right to request that Seller reduce the sales price of the Property to a price not less than the appraised price by submitting an Amendment to Sales Price (F713) (“ATSP”) to Seller along with a copy of the appraisal supporting the lower price. In the event that Buyer does not timely submit an ATSP to Seller, Buyer shall be deemed to have waived Buyer’s right to do so and this Agreement shall no longer be subject to an appraisal contingency. Seller shall, not later than three (3) days from the date of an ATSP is delivered to Seller (but not later than two (2) days prior to Closing), accept or reject the ATSP or seek to negotiate with Buyer a lesser reduction in the sales price of the Property than what is reflected in the ATSP. If, within the above timeframe, an ATSP has not been signed and accepted by the Buyer and Seller and timely delivered to create a legally enforceable amendment, Buyer shall have an additional three (3) days (but not later than one (1) day prior to Closing) to terminate this Agreement without penalty. If Buyer does not terminate the Agreement within this timeframe, Buyer’s right to terminate due to the failure to agree to an ATSP shall be waived and Buyer shall close on the Property for the purchase price set forth in this Agreement. Nothing herein shall require Buyer to seek a reduction in the sales price of the Property. _____________________________________________ __________________________________________________ Xxxx Xxxxxxxx Xxxxxxx Xxxxxx dotloop verified 03/25/23 4:17 PM EDT LVFA-DTSU-CRPZ-KQ8U 03-25-2023 17e3Sa0e46ller’s Signature 1 Buyer’s Signature Xxxx Xxxxxxx Xxxxxxx Xxxxxx __________________________________________________ __________________________________________________ __________________________________________________ __________________________________________________ 2ce29c5 ler’s Signature 03-25-2023 Print or Type Name Print or Type Name 2 Sel 2 Buyer’s Signature Xxxxxxxxx Xxxxxx __________________________________________________ ___...
Appraisal Contingency. If Buyer is obtaining a loan, Buyer's obligation to complete this sale is 112. contingent upon an appraisal of the Premises acceptable to the lender for at least the Purchase Price.
Appraisal Contingency. Notwithstanding any provision(s) of Contract, if this Contract is "contingent on the Property’s appraisal and should the Property appraise for less than the Sale Price; (i) Buyer may proceed with the Contract at the originally agreed Sale Price; (ii) the parties may renegotiate all terms; (iii) either Buyer or Seller may cancel the Contract. Buyer and Seller are individually responsible for any costs incurred by each party."
Appraisal Contingency. Xxxxx's obligation to close this transaction is contingent upon Real Estate appraising at or above final 90 sales price of the Real Estate. Xxxxx has the right to obtain, at Xxxxx’s expense, an independent appraisal performed by an appraiser licensed in Ohio. 91 In the event the Real Estate does not obtain an appraised value (by either Xxxxx’s appraiser in connection with sale funded by cash or Other Funding 92 Source or Xxxxxx’s appraiser in connection with a financed sale) equal to or greater than the Purchase Price, Buyer shall have the option to terminate 93 this Contract by delivering written notice to Seller (i) in the event of purchase via Cash or Other Funding Source, within _ calendar days 94 beginning the day following the Contract Acceptance Date, or (ii) in the event of Conventional, FHA, USDA or VA financing, the time-frame set 95 forth in Section 4 above for obtaining a loan approval (such applicable time period being referred to as the "Appraisal Contingency Period"). If Buyer 96 does not deliver written notice to Listing REALTOR® Seller that Buyer is terminating the Contract prior to the expiration of the Appraisal 97 Contingency Period, then Xxxxx’s option to terminate this Contract due to appraised value shall be deemed waived.
Appraisal Contingency. This Purchase Contract is subject to and conditioned upon the Property's qualifying as sufficient collateral for all loans. The appraised value of the Property must be equal to or greater than the Purchase Price. Buyer shall remove this contingency in accordance with the terms of Paragraph 12.B. hereof.
