Section 9962 Of Chapter 16. Granting Option To Purchase Real Property From California Probate Code >> Division 7. >> Part 5. >> Chapter 16.

. The purchase price of the real property subject to the option shall be at least 90 percent of the appraised value of the real property. The appraisal shall be made in the manner provided in subdivision (c) of Section 10309 within one year prior to the hearing of the petition.