Real Estate Law
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Does new construction builders allow an appraisal contingency clause?
Response 1: Yes. As a buyer, you must insist on this contingency because it is very crucial to the financing of the loan.
If it's not ratified should I force them to include it?
Response 2: Yes, because if the appraisal comes in below the amount of the loan, the lender would not go through the loan or would only finance to the amount of the appraisal and you would have to pay for the rest.
Is it normal for new constructions not to have them?
Response 3: No.
If the contract has not been ratified, then you can give written notice that you are withdrawing from transaction unless the appraisal contingency is part of the contract.