NRCC after the fact

[Ajax in CA]

My purchase appraisal was completed and signed on 04/28/2022. Today I got a request to address an addendum to the contract giving seller credit to buyer of $5,000 towards buyers closing costs. The addendum is dated 05/07/2021. Is this allowed, and if not, how do I handle it?

 

[shrubberyvaluation]

My purchase appraisal was completed and signed on 04/28/2022. Today I got a request to address an addendum to the contract giving seller credit to buyer of $5,000 towards buyers closing costs. The addendum is dated 05/07/2021. Is this allowed, and if not, how do I handle it?

You can refuse, but I prefer to just add an addendum that states a $5,000 towards buyers closing costs have been added as an addendum to the contract after the effective date, as its much quicker than arguing over it.

 

[Terrel L. Shields]

I would only add to above by saying the info was provided post-report and was and is not a factor in my analysis.

 

[sputnam]

The appraisal is as of the effective date. Your report is as of whatever date you signed and submitted it. You can revise the report adding comments on a text addendum explaining the circumstances. I would not remove one word of what you alread said in the report... just add additional comments. Make sure to change the report date.