- Joined
- Sep 20, 2005
- Professional Status
- Licensed Appraiser
- State
- Virginia
When a contract has a contingency for the appraised value to meet or exceed the contract price does that infer there is a use other than a mortgage lending decision?
Does that mean the Appraiser acknowledges a buyer could use the Appraisal Report creating an additional Intended Use thus an additional Intended User?
I understand this is fairly common in contracts. I am just curious about others thoughts on this.
Does that mean the Appraiser acknowledges a buyer could use the Appraisal Report creating an additional Intended Use thus an additional Intended User?
I understand this is fairly common in contracts. I am just curious about others thoughts on this.