Home
Forms Library
This Contract is contingent upon Buyer obtaining, at Buyers expense, a written appraisal from a lice

This Contract is contingent upon Buyer obtaining, at Buyers expense, a written appraisal from a lice 2025

This Contract is contingent upon Buyer obtaining, at Buyers expense, a written appraisal from a lice Preview on Page 1

See details

4.7 out of 5

58 votes

The document is a Comprehensive Rider to the Residential Contract for Sale and Purchase, approved by Florida Realtors and the Florida Bar. It outlines an appraisal contingency clause that requires the Buyer to obtain a written appraisal from a licensed Florida appraiser, ensuring the property's value meets or exceeds a specified amount. If the appraisal is lower, the Buyer can either terminate the contract with a refund of their deposit or waive the contingency and proceed with the purchase. The document emphasizes timelines for obtaining and delivering the appraisal.

Here's how it works

01. Edit your form online

Type text, add images, blackout confidential details, add comments, highlights and more.

02. Sign it in a few clicks

Draw your signature, type it, upload its image, or use your mobile device as a signature pad.

03. Share your form with others

Send it via email, link, or fax. You can also download it, export it or print it out.

How to use or fill out This Contract is contingent upon Buyer obtaining, at Buyers expense, a written appraisal from a lice

Ease of Setup

DocHub User Ratings on G2

Ease of Use

DocHub User Ratings on G2

Click ‘Get Form’ to open it in the editor.
Begin by entering the names of the Seller and Buyer in the designated fields. Ensure that both parties' information is accurate for clarity.
In the section labeled 'Buyer’s Initials', have the Buyer initial next to their name. Repeat this for the Seller's initials in their respective section.
Locate the 'APPRAISAL CONTINGENCY' section. Fill in the date by which the appraisal must be obtained, ensuring it aligns with your closing timeline.
Specify the minimum appraised value of the property. If you leave this blank, it will default to the purchase price.
Review options regarding what happens if the appraisal is lower than expected. Decide whether to terminate or waive this contingency and indicate your choice accordingly.
Finally, ensure all sections are completed before saving your document. Use our platform's features to sign and share as needed.

Start using our platform today for free to streamline your document editing and signing process!

be ready to get more

Complete this form in 5 minutes or less

Get form

Got questions?

We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

What does contingent upon appraisal mean?

Notwithstanding any provision(s) of Contract, if this Contract is contingent on the Propertys 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

What is an example of an appraisal contingency?

Heres an example of an appraisal gap clause that can be written into the purchase agreement: If the property does not appraise for the purchase price, the buyer agrees to pay up to $20,000.00 above the appraised value, but not to exceed the purchase price.

How do you write an appraisal contingency clause?

Waiving appraisal is not recommended. It is another negotiating point for you but also a safety net.