Easily Delete Demanded Field into the Property Inspection Report

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How to Delete Demanded Field into the Property Inspection Report

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[Music] hi im andy fitzsimmons im your washington realtors legal hotline lawyer following the 2021 revisions to form 35 ive received a lot of questions theres still some confusion out there about who is allowed to inspect buyers property during the initial inspection period versus the additional inspection period and the answer is super simple there is no difference there is literally no distinction between the initial and the additional inspection period as to who buyer may bring into sellers home to perform an inspection the buyer is always limited for the purpose of conducting a general home inspection to hiring a licensed home inspector buyer can conduct their own inspection setting that aside for a moment because were talking about who the buyer can bring into the sellers home so the for the purpose of conducting the general home inspection has to be a licensed home inspector in addition to a licensed home inspector buyer can bring a specialist the term is not defined in for

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Got questions?

Below are some common questions from our customers that may provide you with the answer you're looking for. If you can't find an answer to your question, please don't hesitate to reach out to us.

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What to do if seller wont negotiate?

5 Tips to Close the Deal with A Stubborn Seller Discover What the Seller Wants. The first thing to do as the buyers agent is to discover what it is that the sellers want. Be Willing to Waive Contingencies. Come to The Table Prepared. Offer the Seller a Rent-Back. Get Creative Connections and Expertise.

Why not to accept a contingent offer?

In general, you should proceed with caution before accepting a contingent offer or avoid contingencies altogether, if you receive an offer without any. Contingent offers are riskier, because if the contingencies arent met, the deal will fall through.

Can you cancel a contingent offer?

A home sale contingency gives the buyer a specified amount of time to sell and settle their existing home in order to finance the new one. This type of contingency protects buyers because if an existing home doesnt sell for at least the asking price, the buyer can back out of the contract without legal consequences.

How do you get around a contingent offer?

Bridge loans alleviate the need to make a contingent offer, but they can cost more in fees than a home equity loan. Bridge loans are temporary loans that bridge the gap between the sales price of a new home and a buyers new mortgage. It is secured by the buyers existing home.

How to negotiate price reduction after home inspection?

7 tips for negotiating after a home inspection Hire an experienced real estate agent. Only focus on the major repairs. Opt for a credit or price reduction instead. Think long term. Provide supporting documents. Ask for a home warranty. Be reasonable.

What does removing contingencies mean?

Removing the contingencies happen when everything agreed to comes to fruition. For example, if the seller agrees to everything on the Home Inspection Contingency, then the contingency is removed.

Can a buyer cancel a contingent offer?

A contingent offer on a house is an offer with a protective clause on behalf of the buyer. The contingency communicates that if the clause isnt met, the buyer has the right to back out of the purchase.

Is a contingent offer binding?

Contingent offers refer to selling an asset or property through a contract contingent upon fulfilling agreed-upon conditions. They are most commonly used for the sale of real estate. The offer becomes a binding contract when it is accepted, and the conditions are fulfilled.

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