Appraisal Contingency Addendum to Agreement of Sale
Form ACA
Using the Appraisal Contingency Addendum
The Appraisal Contingency Addendum to Agreement of Sale (Form ACA) is to be used when the parties wish to make the agreement contingent upon the property appraising at a certain value. By using either option given in Form ACA, the parties can decide what will happen if the appraisal doesn’t reach a specified value.
Form ACA works with the mortgage contingency in the Agreement of Sale. A sale that is contingent upon the lender providing financing may not reach closing if the lender is not satisfied with the appraised value.
Latest Content
-
Better Questions = Better Answers
- August 30, 2024
- 8 min. read
If buyer agents ask clearer, more direct and targeted questions, listing agents should be able to give clearer, more direct and targeted answers.
-
NAR Settlement Implementation: All* Your Questions** Answered***
- August 16, 2024
- 8 min. read
The PAR Legal Hotline has seen our call volume ramp up over the past few weeks as the new forms and MLS rules changes have been implemented. Just in these first few weeks, we’ve seen some clear trends in your questions and concerns.
-
PAR Standard Forms Release – Improving Your Transition Game
- August 1, 2024
- 8 min. read
Today is the day that PAR’s amended forms are released. We have detailed information about the forms content and usage on the PAR resource page as you need it, so today’s column focuses on the transition period that will be going on through August.
