Checklist Tags


These are the checklists related to Contract Deadline: Appraisal Resolution Deadline.

These tasks are when you're under contract to buy the property and related to the Appraisal Resolution Deadline in the "Contract to Buy and Sell Real Estate".

This deadline relates to your deadline to come to an agreement with the Seller when you object if the Appraisal you had done does not support your Purchase Price.

We typically use "MEC + 28 Days" as the date for the Appraisal Resolution Deadline.

https://RealEstateFinancialPlanner.com/appraisal-resolution-deadline/

When you click on the task, you can also see the tags that task is filed under. You can also click on the tag to see other tasks with that tag.

  1. Complete "Appraisal Resolution Deadline" checklist
  2. REAL ESTATE BROKER: Negotiate on your behalf regarding Appraisal
    If you've objected to the Appraisal, your Real Estate Broker should negotiate on your behalf to find an acceptable compromise to the property appraising lower than Purchase Price.

    Contract Deadline: Appraisal Resolution DeadlineUltimate Nomad ChecklistWeek 13

  3. IF RESOLVED: REAL ESTATE BROKER: Prepare "Amend/Extend" and withdraw "Appraised Value Objection Notice"
    If you've come to a resolution regarding your Appraisal, then your Real Estate Broker should prepare an "Amend/Extend" to the "Contract to Buy and Sell Real Estate" to document the resolution and prepare your "Appraised Value Objection Notice" to have you withdraw it so your contract does not terminate.

    Contract Deadline: Appraisal Resolution DeadlineUltimate Nomad ChecklistWeek 13

  4. IF RESOLVED: Sign "Amend/Extend" and "Appraised Value Objection Notice" withdrawal via DocuSign
    If you've come to a resolution regarding your Appraisal, then sign the "Amend/Extend" to the "Contract to Buy and Sell Real Estate" to document the resolution and sign the withdrawal section of the "Appraised Value Objection Notice" via DocuSign.

    Contract Deadline: Appraisal Resolution DeadlineUltimate Nomad ChecklistWeek 13

  5. IF RESOLVED: Save "Amend/Extend" and "Appraised Value Objection Notice" withdrawal to Dropbox
    Save the "Amend/Extend" to the "Contract to Buy and Sell Real Estate" and withdrawn "Appraised Value Objection Notice" that you signed via DocuSign to your property folder in Dropbox.

    You'll replace the "Amend/Extend" with the copy signed by both you and the Seller once the Seller signs it.

    Contract Deadline: Appraisal Resolution DeadlineUltimate Nomad ChecklistWeek 13