What is the Appraisal Contingency for VA Loan Buyers?
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Writing a Winning Offer
Rider E of the Florida REALTORS / Florida BAR contract for VA buyers reads:
It is expressly agreed that notwithstanding any other provisions of this Contract, the Purchaser shall not incur any penalty by forfeiture of earnest money or otherwise be obligated to complete the purchase of the Property described herein, if this Contract purchase price or cost exceeds the reasonable value of the Property as established by the U.S. Department of Veterans Affairs.