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. 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. □ 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. 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 of Appraised Value”) 13 Buyer may attempt to renegotiate or cancel the RPA by providing written notice to the Seller (with a copy of the Appraisal) no later 14 than calendar days following the date of Acceptance of the RPA; whereupon the EMD shall be released to the Buyer 15 without the requirement of written authorization from Seller. IF this Residential Purchase Agreement is not cancelled, in writing 16 on or before the Appraisal Deadline, Buyer shall be deemed to have waived the appraisal contingency. 17
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. 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.
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 Agreement is contingent upon Buyer obtaining from one or more reputable farmland appraisers, certified in the states where the Real Estate is located, experienced in farmland appraisals according to the Federal Agricultural Mortgage Corporation’s requirements, and acceptable to Buyer, one or more appraisals (the “Appraisals”) valuing the Real Estate at no less than the Purchase Price. If Buyer has been unable to obtain such Appraisals, and Buyer serves written notice of such circumstance to Seller within the Inspection Period, Buyer shall have the right to unilaterally terminate this Agreement by serving written notice to Seller within the Inspection Period. In case of termination of the Agreement pursuant to this Section 6, the Xxxxxxx Money shall be returned to Buyer and neither party shall have any further obligation or liability under this Agreement. Seller shall provide copies of any appraisals on the Real Estate prepared in the last 12 months.
