Get Cash Conventional Financing Appraisal Contingency Addendum 1011.doc

The Cash Conventional Financing Appraisal Contingency Addendum 1011.doc is a crucial document in real estate transactions that outlines the terms and conditions related to appraisals. This guide aims to assist users in completing the form accurately and efficiently online.

Follow the steps to fill out your Cash Conventional Financing Appraisal Contingency Addendum.

1. Press the ‘Get Form’ button to obtain the form and access it in your preferred editor.
2. Begin by filling in the addendum number and date in the designated spaces at the top of the form. This information organizes your documentation and provides context for the addendum.
3. Enter the contract date in the appropriate field. This helps connect the addendum to the corresponding contract of sale.
4. Provide the names of the Buyer and Seller in the designated spaces. Ensure that the correct legal names are used for clarity and accuracy.
5. Specify the property address in the designated section. This identifies the property that the addendum pertains to.
6. Indicate the number of days within which the Buyer must obtain an appraisal of the property. This timeline is critical for the contractual contingency.
7. In the section regarding the appraised value, clarify how the Buyer will notify the Seller if the appraised value is below the purchase price. State the number of days for this notification.
8. Ensure to detail the potential actions the Buyer may take if the appraised value is less than the purchase price, including the decision to proceed with the purchase or request a price reduction.
9. Complete the section that outlines the Seller's response options regarding a potential price reduction and the corresponding timelines.
10. Finalize the form with the required signatures from the Buyer and Seller, including the date next to each signature to ensure the form is legally binding.
11. Once all fields and sections are filled out, save your changes, and consider downloading or printing the form for your records.

Start completing your Cash Conventional Financing Appraisal Contingency Addendum online today!