A Unique Twist on the “Appraisal GAP” Stipulation!
A Unique twist on an appraisal gap stipulation for real estate contracts in Georgia! What is an Appraisal Gap Stipulation? What if the appraisal comes in REALLY low? What is the Seller’s obligation? May a Buyer terminate? Watch the video to find out the answers to these questions & more! Comment below on effective appraisal gap stipulations you have used! 00:00 – Introduction 00:53 – What is an Appraisal Gap Stipulation? 02:12 – Does a Buyer Need this Stipulation? 02:51 – What if Buyer is Getting an FHA or VA Loan? 04:05 – Here’s where it gets tricky! 04:34 – What if there is still a gap? 04:52 – What is the Seller’s Obligation? 05:18 – Must address re-negotiation or termination rights 05:39 – Special Stipulation by Amee Davis of Davis & Associates 07:13 – Special Stipulation by Seth Weissman of Weissman Law 08:24 – Unique Appraisal Gap Stipulation to Consider 09:33 – Address the Earnest Money 10:41 – Always check with your Broker Please browse “Videos” or “Playlist” for so many more! FYI… there are more videos on the YouTube Channel, “Real Estate Made Crystal Clear” ahead of what is presented in this Newsletter. Click to Watch More Videos |