Copy checkmark in the Home Inspection Services Contract

Aug 6th, 2022
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How to copy checkmark in the Home Inspection Services Contract

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[Music] hello Im Jo den ler one of the newest members of internachis legal team today were going to speak to a topic that is the constant source of questions by inspectors and that is pre inspection agreements generally speaking your pre inspection agreement is the written document that sets forth the relationship between you and your client whether your client is the buyer of property or the seller of property is not the issue the issue is making sure that all the parties to the transaction are fully aware of the scope of the services that the inspector is going to provide along with the exclusions that come with that as a general matter the contract has to identify the partys property address where the inspection will take place it should also include an address and contact information for your client in case you need to contact them after the inspection but before they go to closing on the house and of course we want to set forth the standard of practice thats going to be follo

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An inspection contingency allows the homeowner a specific number of days (typically 7 10), to respond with any objections to whats found in the inspection. This ensures the buyer is able to collect enough information to make an informed purchase decision.
An inspection contingency requires a professional home inspection within a certain time frame before a real estate contract can become binding. It ensures that the buyer receives vital information and allows them to negotiate repairs, sale price, or even walk away with their earnest money altogether.
The biggest reason to make your offer contingent on a professional home inspection is because it can help you avoid purchasing a home with hidden, expensive, and dangerous problems. An experienced Milwaukee home inspector knows what to look for and can uncover issues that may not be obvious to the untrained eye.
Contingencies can include details such as the time frame (for example, the buyer has 14 days to inspect the property) and specific terms (such as, the buyer has 21 days to secure a 30-year conventional loan for 80% of the purchase price at an interest rate no higher than 4.5%).
The home inspection clause in the agreement of purchase and sale read: This agreement is conditional upon the inspection of the property by a home inspector of the purchasers choice and expense, and receipt of a report satisfactory to him, in his sole and absolute discretion.

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