Appraisal Objection Deadline

Review Appraisal

When you get the Appraisal from the Lender, review it. If you have questions, discuss it with the Lender and/or your Real Estate Broker.

Contract Deadline: Appraisal Objection DeadlineUltimate Nomad ChecklistWeek 13

IF NOT OBJECTING TO APPRAISAL: Continue with purchase

If the property appraised for at least the Purchase Price or you will make up the difference between what it appraised for and the Purchase Price, you can ignore this deadline and continue with the purchase.

Contract Deadline: Appraisal Objection DeadlineUltimate Nomad ChecklistWeek 13

IF OBJECTING TO APPRAISAL: REAL ESTATE BROKER: Prepare "Appraised Value Objection Notice"

If the property appraised for less than Purchase Price and you want to object to the Appraisal, ask your Real Estate Broker to prepare an "Appraised Value Objection Notice" to protect your Earnest Money.

Contract Deadline: Appraisal Objection DeadlineUltimate Nomad ChecklistWeek 13

IF OBJECTING TO APPRAISAL: Sign "Appraised Value Objection Notice" via DocuSign

If the property appraised for less than Purchase Price and you want to object to the Appraisal sign the "Appraised Value Objection Notice" via DocuSign before the Appraisal Objection Deadline to protect your Earnest Money.

Contract Deadline: Appraisal Objection DeadlineUltimate Nomad ChecklistWeek 13

IF OBJECTING TO APPRAISAL: Save "Appraised Value Objection Notice" to Dropbox

Once you sign the "Appraised Value Objection Notice" via DocuSign save a copy to your property folder in Dropbox.

Contract Deadline: Appraisal Objection DeadlineUltimate Nomad ChecklistWeek 13

IF TERMINATING BASED ON APPRAISAL: REAL ESTATE BROKER: Prepare "Notice To Terminate" and "Earnest Money Release"

If the property appraised for less than Purchase Price and you want to terminate based on Appraisal, ask your Real Estate Broker to prepare a "Notice To Terminate" and "Earnest Money Release" before the Appraisal Objection Deadline to protect your Earnest Money.

Contract Deadline: Appraisal Objection DeadlineUltimate Nomad ChecklistWeek 13

IF TERMINATING BASED ON APPRAISAL: Sign "Notice To Terminate" and "Earnest Money Release" via DocuSign

If the property appraised for less than Purchase Price and you want to terminate based on Appraisal sign the "Notice To Terminate" and "Earnest Money Release" via DocuSign before the Appraisal Objection Deadline to protect your Earnest Money.

Contract Deadline: Appraisal Objection DeadlineUltimate Nomad ChecklistWeek 13

IF TERMINATING BASED ON APPRAISAL: Save "Notice To Terminate" and "Earnest Money Release" to Dropbox

Once you sign the "Notice To Terminate" and "Earnest Money Release" via DocuSign save a copy of them to your property folder in Dropbox. Once you get them back signed from the Seller, replace your copies with the fully executed copies in your property folder in Dropbox.

Contract Deadline: Appraisal Objection DeadlineUltimate Nomad ChecklistWeek 13

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