Purchase without a contract

[Zoe]

Zoe must be sleeping in. Brace yourself for a bunch of consecutive replies on this topic

LOL. I don't hold a candle to that poster that said appraiser don't need the contract. I can't remember his name. His avatar was a bullseye.

I can only say with VA (client) that the appraiser will get a copy of the contract or no appraisal completed.

I, personally am the same way. If the subject is under contract and you want an appraisal from me? You will provide me with the executed contract.

You don't have to use me.

 

[Zoe]

This is the key. We appraise real property rights. If the real property is under contract, then the contract impacts the real property rights.

You don't have to give it to me. You just won't get an appraisal from me on the real property rights.

 

[Tom D]

from the newest FHA update, see my posted FHA/fannie thread, for FHA the following:
a. Information Required before Commencement of Appraisal (04/10/2025)

The Appraiser must obtain all of the following from the Mortgagee before beginning an appraisal:
a complete copy of the executed sales contract for the subject, if a purchase transaction;

 

[Vermonter]

LOL. I don't hold a candle to that poster that said appraiser don't need the contract. I can't remember his name. His avatar was a bullseye.

Were you on vacation or in AF timeout?

 

[Mark K]

I, personally am the same way. If the subject is under contract and you want an appraisal from me? You will provide me with the executed contract.

It's always handy/necessary to have a bullseye for some appraisers but for a lot of appraisers, it's not necessary.

 

[Zoe]

Were you on vacation or in AF timeout?

Are you a lawyer? Can I plead the 5th?

 

[Zoe]

If the subject property real property rights are under contract, I want the contract. You (plural) don't have to use me.

I know where the brick will fall if I am involved in the transaction.

 

[Vermonter]

Are you a lawyer? Can I plead the 5th?

That answers that

 

[Tom D]

Does fannie avm need a contract to give the value. Does it need anything but the physical description to give the value.

Actually, what does the contract have to do with any value. The value is the same, refi or sale. Looking at the contract is only checking it for any mort fraud being committed.
It is for subliminal seduction to a certain value.

 

[Mark K]

Actually, what does the contract have to do with any value. The value is the same, refi or sale. Looking at the contract is only checking it for any mort fraud being committed.
It is for subliminal seduction to a certain value.

Its to help establish an anchor bias.