Real Estate
Appraisal Contingency Addendum
Addendum conditioning a real estate purchase on the property appraising at or above a specified value, with options for renegotiation, price reduction, or termination if the appraisal falls short.
About this template
The Appraisal Contingency Addendum is a ready-to-use real estate template you can send for signature in minutes. It is written for 2 signers (buyer and seller) and, by default, expires 30 days after it is sent if left unsigned. It covers real estate, contingency, appraisal, purchase agreement, addendum, valuation. Like every Abundera Sign template it is a convenience draft structured for ESIGN Act and UETA compliance, not a substitute for legal advice. Each signed copy is sealed with PAdES-LTA digital signatures, dual RFC 3161 timestamps, and a tamper-evident evidence package in WORM storage.
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# Appraisal Contingency Addendum This Appraisal Contingency Addendum ("Addendum") is entered into as of ___________ and amends and supplements the Real Estate Purchase Agreement dated ___________ ("Purchase Agreement") between ___________ ("Buyer") and ___________ ("Seller") for the real property located at ___________, ___________, ___________, ___________ ("Property"). All capitalized terms not defined herein have the meanings given in the Purchase Agreement. The Purchase Price under the Purchase Agreement is ___________. --- ## 1. Appraisal Contingency This transaction is contingent upon the Property being appraised at a value equal to or greater than ___________ ("Minimum Appraisal Value") by a licensed or certified appraiser engaged by Buyer's lender (or, if Buyer is paying cash, engaged by Buyer directly) in accordance with the Uniform Standards of Professional Appraisal Practice (USPAP). ## 2. Appraisal Deadline Buyer shall cause the appraisal to be ordered and completed on or before ___________ ("Appraisal Deadline"). Buyer shall provide Seller with a copy of the completed appraisal report within two (2) business days of Buyer's receipt of such report. Time is of the essence as to this deadline. ## 3. Appraisal at or Above Minimum Value If the appraised value equals or exceeds the Minimum Appraisal Value, this contingency is satisfied. Buyer shall deliver written notice of satisfaction to Seller ("Contingency Removal Notice"), and the transaction shall proceed to closing in accordance with the Purchase Agreement. ## 4. Appraisal Below Minimum Value If the appraised value is less than the Minimum Appraisal Value ("Appraisal Shortfall"), the parties shall have ___________ calendar days after Buyer delivers the appraisal report to Seller ("Renegotiation Period") to negotiate in good faith. During the Renegotiation Period, the parties may agree to any of the following: (a) **Price Reduction** — Seller reduces the Purchase Price to the appraised value or to any other amount mutually agreed in writing; (b) **Buyer Makes Up the Difference** — Buyer agrees in writing to pay the Appraisal Shortfall (or a portion thereof) in cash above the appraised value, in which event this contingency is waived to that extent; (c) **Combination** — the parties split the Appraisal Shortfall through any combination of (a) and (b) as agreed in writing; (d) **Second Appraisal** — the parties mutually agree in writing to commission a second independent appraisal at ___________, the result of which shall be binding and used in lieu of the first appraisal for purposes of this Addendum. Any agreement reached under this Section shall be documented in a written amendment signed by both parties. ## 5. Termination Right If the parties fail to reach a written agreement within the Renegotiation Period, Buyer may, within two (2) business days after expiration of the Renegotiation Period: (a) **Terminate** — deliver written notice of termination to Seller, in which event the Purchase Agreement shall be null and void, and any earnest money deposit of ___________ held by ___________ shall be returned to Buyer in full; or
Fields (19)
addendum date
date · required
purchase agreement date
date · required
buyer full name
text · required
seller full name
text · required
property address
text · required
property city
text · required
property state
select · required
property zip
text · required
purchase price
currency · required
minimum appraisal value
currency · required
appraisal deadline
date · required
renegotiation days
number · required
second appraisal cost split
select · required
earnest money amount
currency · required
escrow holder
text · required
rov request days
number · required
appraiser access notice hours
number · required
buyer printed name
text · required
seller printed name
text · required
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Every signed document gets PAdES-LTA digital signatures, dual RFC 3161 timestamps, and a tamper-evident evidence package sealed in WORM storage.