source:
  type: guide
  id: va-m26-7-ch10-t03
  authority: VA Lenders Handbook (VA Pamphlet 26-7), Chapter 10, Topic 3 — Sales Contract
  description: VA Lenders Handbook (VA Pamphlet 26-7), Chapter 10, Topic 3 — Sales
    Contract.
  coverage_tier: operative
obligations:
- id: va-m26-7-ch10-t03-full
  canonical_id: va-m26-7-ch10-t03-full
  section: VA Lenders Handbook (VA Pamphlet 26-7), Chapter 10, Topic 3 — Sales Contract
  type: do
  tags:
  - regulator-direct
  - va
  - va-handbook
  - corpus-expansion
  - tier-operative
  primary_source:
    tier: 1
    authority: VA Lenders Handbook (VA Pamphlet 26-7), Chapter 10, Topic 3 — Sales
      Contract
    source_class: va-handbook
    source_url: https://www.benefits.va.gov/warms/pam26_7.asp
    snapshot_id: 454f0e7af6f49c3b
    fetched_at: '2026-05-23T01:53:53Z'
    content_hash: sha256:0551eb031df071b1ef69a627ad29b5a2c41dc00e3e2b9ccd421133b2561fa57d
    paragraph_quote: '3. Sales Contract Change Date March 11, 2019 • This chapter
      has been revised in its entirety. a. Upload of Sales Contract into WebLGY If
      the Veteran is purchasing a property, the requester must upload a copy of the
      executed sales contract into WebLGY the same day the request is made. If the
      requester does not upload the sales contract, the appraiser must place the appraisal
      assignment on hold, notify the requester, and document the delay in WebLGY notes.
      b. Appraiser’s Analysis of the Contract The appraiser must analyze all sales
      contracts, options, or listings of the subject property as of the effective
      date of the appraisal, if such information is available to the appraiser in
      the normal course of business. The appraiser will analyze the sales contract
      in estimating the reasonable value of the property and will also consider any
      effect on VA MPR repairs. c. Appraiser’s Access to the Contract The appraiser
      must have access to the sales contract in order to consider financing data,
      sales concessions or other information included in the contract when estimating
      the reasonable value of the property. d. Amendment to the Contract before the
      Appraisal is Completed If the sales contract is amended during the appraisal
      process (prior to the effective date of the appraisal), the lender must provide
      the updated contract to the appraiser to ensure the appraiser considers the
      potential impact on value of any changes. Continued on next page VA Pamphlet
      26-7, Revised Chapter 10: Appraisal Process 10-7 3. Sales Contract, continued
      e. Amendment to the Sales Contract after the Appraisal is Completed If the sales
      contract is amended after the effective date of the appraisal, but prior to
      loan closing, the lender must use due diligence to determine whether the amendment(s)
      could reasonably be thought to affect the estimated value of the property. If
      so, the lender must forward the amended sales contract to the VA fee appraiser
      for consideration. The appraiser will be responsible for determining the impact
      of the amended sales contract and compliance with all provisions of USPAP in
      developing and reporting credible assignment results. Depending on the extent
      of any change to the originally considered sales contract, the appraiser may
      consider the change to constitute a new assignment under USPAP, warranting an
      additional fee, chargeable to the Veteran, up to the full amount of a new appraisal.
      f. Due Diligence If the lender fails to perform due diligence in reviewing any
      subsequent contract amendment(s), and/or fails to forward the contract amendment
      appropriately, the loan may be subject to review for indemnification, or any
      claim against the guaranty may be subject to adjustment. VA Pamphlet 26-7, Revised
      Chapter 10: Appraisal Process 10-8'
  judgment: false
