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How to Replace Option Choice to the Property Inspection Report

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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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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 document describes the condition of the property?

The document provided by the seller that described the condition of the property is known as the Transfer Disclosure Statement.

How do you make a strong contingent offer?

Options that could make an offer more attractive include offering more than the asking price, offering a larger Earnest Money Deposit than requested, letting the sellers choose the closing date, picking up the sellers closing costs and limiting the time period for your house to sell.

What is the biggest reason to make your offer contingent on a home inspection?

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.

Why make your offer contingent?

A contingent offer is often made when the buyer is unsure whether theyll obtain the funds they need to purchase the property. However, a contingent offer may also be made if the buyer is concerned that the property is overpriced or in poor condition.

What is an example of a home 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%).

What fixes are mandatory after a home inspection in NJ?

Legally, there is no mandatory solution after a home inspection. However, inspections can reveal any type of problems in the house, this could require some necessary repairs to make the house habitable and safe. Buyers should generally request fixes that address the following hazards on the property: Trip hazards.

What two items are most purchase agreements contingent on?

Typically purchase agreements are contingent on inspection contingency and financing contingency. The inspection contingency clause in a purchase agreement requires the buyer to inspect the property before signing the contract.

How do I renegotiate after 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.

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