Gold Supporting Member
- Jan 14, 2002
- Professional Status
- Certified Residential Appraiser
It is part of the state approved real estate contract in Colorado.
If I remember correctly, that was GAR's position on stipulations like this. They advised agents against using "must appraise for" stipulation because the appraisal was for the lenders purpose; and they may inadvertently render a "made for form" stipulation void. Besides, with over 200 pages of contracts and possible stipulations, I don't think GAR wants agents writing stipulations. :blink:the standard contract (I think) says something to effect of making the contract contingent on getting financing. If it doesn't appraise most folks can't get financing. So that is their out.