Good morning, and welcome! The Addendum Concerning Your Right to Terminate Due to Lender's Appraisal, is a document with three options that can change your ability to terminate the sale contract because of an appraisal. Here are a few things you should know about the document and why you may ask your Realtor if it is in your best interest to complete one.
While this addendum is not required or necessary if you are not interested in modifying your right to terminate due to the lender's appraisal, if you believe the appraisal will be an issue, you should speak with your Realtor. Also, discuss the options with your Realtor, as well as any possible financial consequences relating to those options. In addition, when selecting an amount for line 2(ii) or line 3(i), make sure to discuss the amount with your Realtor and do not forget to choose an amount you will be comfortable with to avoid financial strain.
If it matters to you, it matters to us. We are always looking out for your best interest. As always, thank you so much for stopping by, and remember, if you are thinking of purchasing your new home, or selling an existing one, please give us a call. We are here to help. We have been helping home buyers and sellers 12 years and counting. Until next time...Diana
Source: Bankrate
Image by Diana Walton
Astor & Eaton Realty
Diana Walton
Real Estate Broker
713.208.8013
Write to Diana Walton at homes@astoreaton.com
https://www.har.com/dianawalton
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