Fix shape in the Home Inspection Services Contract

Aug 6th, 2022
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How to fix shape in the Home Inspection Services Contract

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today were gonna go over the buyer inspection notice sellers response this documents also known as the Ben sir among the real estate community Im Phoenix real estate agent John Cunningham with exp Realty and today were gonna go over the Ben sir and were gonna talk about three things were gonna talk about what its intended to do how to use it wrong and how to use it right so with no further ado let me present to you the Ben sir now this is one that I used for one of my clients we filled it out and had a happy transaction but heres how heres how it usually goes its something like this so youve got four happy parties usually youve got a happy buyer who finally found their house a happy seller who finally found the person to buy their house youve got a happy listing agent who finally has the house under contract and a happy buyers agent who has found their buyer home everybodys happy one big warm fuzzy happy family until this thing comes along in some cases so this document is

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Liability often extends to either partys real estate broker, real estate agent (Realtor), or home inspector. Every case is different. If the homebuyer has evidence that the seller knew or should have known about the undisclosed defect, the buyer may have legal action for nondisclosures or negligent misrepresentation.
Compensatory Damages: The sellers could be forced to pay compensatory damages, to compensate you for any out-of-pocket costs associated with the concealed defect. These could include the cost of repair and any diminution in property value resulting from the defect.
(An inspection agreement typically includes a statement that the inspection report is NOT a guarantee or warranty regarding the present or future operation of the structure or its systems or components.
What Fixes are Mandatory After a Home Inspection? Trip hazards. Pest or wildlife infestation. docHub structural issues. Building code violations. Mold or water damage. Toxic or chemical risks. Fire or electrocution risks.
The right way to handle a seller who wont make requested repairs depends on the type of repairs they are refusing. If they refuse to make mandatory safety repairs, you can walk away from the purchase contract. If the repairs are more cosmetic, you may need to make them yourself.
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 Fixes Are Mandatory After A Home Inspection? No fixes are technically mandatory after a private home inspection. However, some loan programs, states and lenders may require certain repairs before a borrowers loan can close.
The law also has a 4-year statute of limitations on the inspectors liability, beginning with the date of the inspection.

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