Common use of Appraisal Contingency Clause in Contracts

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. 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”) 13 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 14 than calendar days following the date of Acceptance of the RPA; whereupon the EMD shall be 15 released to the Buyer 15 without the requirement of written authorization from Seller. IF this Residential Purchase Agreement is 16 not cancelled, in writing 16 on or before the Appraisal Deadline, Buyer shall be deemed to have waived the appraisal 17 contingency. 1718

Appraisal Contingency. Buyer’s '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. BuyerXxxxx’s obligation to purchase the property is contingent upon the property 11 14 appraising for not less than the Purchase Price. If after the completion of an appraisal by a licensed appraiser, Buyer Xxxxx receives written 12 15 notice from the lender or the appraiser that the Property has appraised for less than the purchase price (a “Notice of Appraised Value”) 13 16 Buyer may attempt to renegotiate or cancel the RPA this Agreement by providing written notice to the Seller (with a copy of the Appraisal) 17 no later 14 than calendar days following the date of Acceptance of the RPAthis Agreement; whereupon the EMD shall be released to the 18 Buyer 15 without the requirement of written authorization from Seller. IF this Residential Vacant Land Purchase Agreement is not cancelled, in 19 writing 16 on or before the Appraisal Deadline, Buyer shall be deemed to have waived the appraisal contingency. 17.