Appraisal Definition Sample Clauses

Appraisal Definition. An “Appraisal” is an opinion of value prepared by a licensed or certified appraiser, engaged on 201 behalf of Buyer or ▇▇▇▇▇’s lender, to determine the Property’s market value (Appraised Value). The Appraisal may also set forth 202 certain lender requirements, replacements, removals or repairs necessary on or to the Property as a condition for the Property to be 203 valued at the Appraised Value.