What specific financing contingencies should I negotiate into a custom builder contract to protect against appraisal gaps during material price spikes?
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What specific financing contingencies should I negotiate into a custom builder contract to protect against appraisal gaps during material price spikes?
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custom home construction contract price escalation clause appraisal contingency financing contingency consumer guidance 2026Google ↗
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custom home construction contract price escalation clause appraisal contingency financing contingency consumer guidance 2026 Google ↗
- 2022 CONSTRUCTION INFLATION ALERT For more than tw · agc.org
- Owners and bidders may want to consider price-adjustment clauses that would protect both parties from unanticipated swings in materials prices. Such contract terms can enable the contractor to include a smaller contingency in its bid, while providing the owner an opportunity to share in any savings from downward price movements (as has occurred at various times in recent months with lumber, diesel fuel, and metals prices). The ConsensusDocs set of contract documents (www.consensusdocs.org) is on · agc.org
- Consumer Guide: The Appraisal Process · nar.realtor
- Consumer Guide: Real Estate Sales Contract Contingencies · nar.realtor