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What is an example of an inspection clause?

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.

What is the home inspection clause in real estate?

If, within the allotted time, the said inspection reveals major functional deficiencies in the property which the Purchaser is unwilling to accept or waive, and the Vendor is unable or unwilling to remedy or satisfy, this Offer shall automatically terminate.

What is the wording of home inspection contingency?

An inspection contingency clause states something like, Buyers obligation to purchase is contingent upon Buyers inspection and approval of the condition of the property. Another variation states that the Buyer may hire a home inspector to inspect the property and that the Seller must fix any issues found by the

What does subject to inspection clause mean?

Definition of Subject to Inspection (STI) A home may be identified as Subject to Inspection if the seller has entered into a contract with a buyer but a successful closing is contingent on a home inspection and negotiation over any related repairs or concessions.

What is an example of a buyer inspection contingency?

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%).

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Copy dot in the Home Inspection Services Contract

Copy dot in Home Inspection Services Contract with DocHub!

Follow the steps below to copy dot in Home Inspection Services Contract with DocHub:

PDF editing simplified with DocHub

Drive efficiency with the DocHub add-on for Google Workspace

Got questions?

What is an example of an inspection clause?

What is the home inspection clause in real estate?

What is the wording of home inspection contingency?

What does subject to inspection clause mean?

What is an example of a buyer inspection contingency?

See why our customers choose DocHub

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Copy dot in the Home Inspection Services Contract

Copy dot in Home Inspection Services Contract with DocHub!

Follow the steps below to copy dot in Home Inspection Services Contract with DocHub:

PDF editing simplified with DocHub

Drive efficiency with the DocHub add-on for Google Workspace

Related features

Got questions?

What is an example of an inspection clause?

What is the home inspection clause in real estate?

What is the wording of home inspection contingency?

What does subject to inspection clause mean?

What is an example of a buyer inspection contingency?

See why our customers choose DocHub

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