Common use of Appraisal Contingency Clause in Contracts

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.

Appears in 8 contracts

Samples: Purchase Agreement, Offer to Purchase and Contract, Offer to Purchase and Contract

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