Common use of Appraisal Contingency Clause in Contracts

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 __________________________________________________ __________________________________________________ Print or Type Name Print or Type Name 🞏 🞏 Additional Signature Page (F267) is attached. Additional Signature Page (F267) is attached. Xxxxxx Xxxxxxxx Intown Atlanta EXP Realty LLC __________________________________________________ __________________________________________________ Xxxxxxxx Xxxxxxxxx dotloop verified 03/25/23 3:43 PM EDT HEG0-JY8O-FJZH-NTYR B00dr5o74kaer/Affiliated Licensee Signature 03-25-2023 Buyer Brokerage Firm Seller Brokerage Firm __________________________________________________ __________________________________________________ Broker/Affiliated Licensee Signature Xxxxxxxx Xxxxxxxxx Xxxxxx Xxxxxxxx __________________________________________________ __________________________________________________ Print or Type Name Print or Type Name ARA Atlanta Realtors Association __________________________________________________ __________________________________________________ REALTOR® Membership REALTOR® Membership SELLER’S PROPERTY DISCLOSURE STATEMENT EXHIBIT “ A ” 2023 Printing This Seller’s Property Disclosure Statement (“Statement”) is an exhibit to the Purchase and Sale Agreement with an Offer Date of _____________ 03/25/2023 for the Property (known as or located at: 000 Xxxxxxx Xxxx Woodstock , Georgia, 30188 ). This Statement is intended to make it easier for Seller to fulfill Seller’s legal duty to disclose hidden defects in the Property of which Seller is aware. Seller is obligated to disclose such defects even when the Property is being sold “as-is.”

Appraisal Contingency. In addition to XxxxxBuyer’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, shall not later than by 18 days from the end of the time period set forth in Section 4 above, Binding Agreement Date 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 __________________________________________________ __________________________________________________ Print or Type Name Print or Type Name 🞏 🞏 Additional Signature Page (F267) is attached. Additional Signature Page (F267) is attached. Xxxxxx Xxxxxxxx Intown Atlanta EXP Realty LLC __________________________________________________ __________________________________________________ Xxxxxxxx Xxxxxxxxx dotloop verified 03/25/23 3:43 PM EDT HEG0-JY8O-FJZH-NTYR B00dr5o74kaer/Affiliated Licensee Signature 03-25-2023 Buyer Brokerage Firm Seller Brokerage Firm __________________________________________________ __________________________________________________ Broker/Affiliated Licensee Signature Xxxxxxxx Xxxxxxxxx Xxxxxx Xxxxxxxx __________________________________________________ __________________________________________________ Print or Type Name Print or Type Name ARA Atlanta Realtors Association __________________________________________________ __________________________________________________ REALTOR® Membership REALTOR® Membership SELLER’S PROPERTY DISCLOSURE STATEMENT EXHIBIT “ A ” 2023 Printing This Seller’s Property Disclosure Statement (“Statement”) is an exhibit to the Purchase and Sale Agreement with an Offer Date of _____________ 03/25/2023 for the Property (known as or located at: 000 Xxxxxxx Xxxx Woodstock , Georgia, 30188 ). This Statement is intended to make it easier for Seller to fulfill Seller’s legal duty to disclose hidden defects in the Property of which Seller is aware. Seller is obligated to disclose such defects even when the Property is being sold “as-is.”

Appraisal Contingency. In addition to XxxxxBuyer’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 Buyer 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 shall within days of the time period set forth in Section 4 above, Binding Agreement Date 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 within three (3) days from of 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 __________________________________________________ __________________________________________________ Print or Type Name Print or Type Name 🞏 🞏 Additional Signature Page (F267) is attached. Additional Signature Page (F267) is attached. Xxxxxx Xxxxxxxx Intown Atlanta EXP Realty LLC __________________________________________________ __________________________________________________ Xxxxxxxx Xxxxxxxxx dotloop verified 03/25/23 3:43 PM EDT HEG0-JY8O-FJZH-NTYR B00dr5o74kaer/Affiliated Licensee Signature 03-25-2023 Buyer Brokerage Firm Seller Brokerage Firm __________________________________________________ __________________________________________________ Broker/Affiliated Licensee Signature Xxxxxxxx Xxxxxxxxx Xxxxxx Xxxxxxxx __________________________________________________ __________________________________________________ Print or Type Name Print or Type Name ARA Atlanta Realtors Association __________________________________________________ __________________________________________________ REALTOR® Membership REALTOR® Membership SELLER’S PROPERTY DISCLOSURE STATEMENT EXHIBIT “ A ” 2023 Printing This Seller’s Property Disclosure Statement (“Statement”) is an exhibit to the Purchase and Sale Agreement with an Offer Date of _____________ 03/25/2023 for the Property (known as or located at: 000 Xxxxxxx Xxxx Woodstock , Georgia, 30188 ). This Statement is intended to make it easier for Seller to fulfill Seller’s legal duty to disclose hidden defects in the Property of which Seller is aware. Seller is obligated to disclose such defects even when the Property is being sold “as-is.”

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, shall not later than by 21 days from the end of the time period set forth in Section 4 above, Binding Agreement Date 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 1 Seller’s Signature __________________________________________________ __________________________________________________ __________________________________________________ __________________________________________________ 2ce29c5 ler’s Signature 03-25-2023 Print or Type Name Print or Type Name 2 Sel 2 Buyer’s Signature Xxxxxxxxx Xxxxxx 2 Seller’s Signature __________________________________________________ __________________________________________________ Print or Type Name Print or Type Name 🞏 🞏 Additional Signature Page (F267) is attached. Additional Signature Page (F267) is attached. Xxxxxx Xxxxxxxx IntowRealty n Atlanta EXP Realty LLPartners C __________________________________________________ __________________________________________________ Xxxxxxxx Xxxxxxxxx dotloop verified 03/25/23 3:43 PM EDT HEG0-JY8O-FJZH-NTYR B00dr5o74kaer/Affiliated Licensee Signature 03-25-2023 Buyer Brokerage Firm Seller Brokerage Firm __________________________________________________ __________________________________________________ Broker/Affiliated Licensee Signature Xxxxxxxx Xxxxxxxxx Xxxxxx XxxxxxxBroker/Affiliated Licensee Signature x __________________________________________________ _________________________________________________Xxxx Xxxxxxxx _ Print or Type Name Print or Type Name ARA Atlanta Realtors AssociatioNAMAR n __________________________________________________ __________________________________________________ REALTOR® Membership REALTOR® Membership SELLER’S PROPERTY DISCLOSURE STATEMENT EXHIBIT “ A ” 2023 Printing This Seller’s Property Disclosure Statement (“Statement”) is an exhibit to the Purchase and Sale Agreement with an Offer Date of _____________ 03/25/2023 for the Property (known as or located at: 000 Xxxxxxx Xxxx Woodstock , Georgia, 30188 ). This Statement is intended to make it easier for Seller to fulfill Seller’s legal duty to disclose hidden defects in the Property of which Seller is aware. Seller is obligated to disclose such defects even when the Property is being sold “as-is.”