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
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FYI… there are more videos on the YouTube Channel, “Real Estate Made Crystal Clear” ahead of what is presented in this Newsletter.
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