Lesson 19 · 0:36
Sales Contract
A refinance has no sales contract: answer No for the townhome, and see the contract questions drop out of the report as a result.
Transcript
Sales Contract
Sales Contract covers the purchase contract on the subject, when the appraisal is for a sale. Open it from the section list.
Is there a sales contract?
This assignment is a refinance, as the order and Assignment Information say, so the subject isn't being sold. Is there a sales contract? No. With No, the contract questions don't apply, and the Sales Contract section doesn't appear on the report. The commentary stays blank.
Prior Sale and Transfer History
That one answer completes the section. Next, Prior Sale and Transfer History.