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What is the timeline for the BINSR in Arizona?

The BINSR is a form that records the negotiation between buyer and seller regarding inspection issues and requested repairs. It has no bearing on the purchase contract; it fulfills the notice process thats part of the purchase contract sections 6i and 6j.

What does BINSR stand for?

BINSR timeline With their agents help, buyer can present BINSR any time during the 10 days inspection period. Once seller received the BINSR, the seller has 5 days to complete the evaluation and respond to buyer. With Sellers response, now it is back to Buyers hand.

How long is the inspection period in Arizona?

The standard is a 10 day inspection per the contract but can be negotiated to meet the buyers needs. Line 191 below of the Arizona Residential Resale Real Estate Purchase Contract is where the number of days for the inspection period is specified.

How many days to respond to BINSR in Arizona?

Once seller received the BINSR, the seller has 5 days to complete the evaluation and respond to buyer. With Sellers response, now it is back to Buyers hand. Buyer has 5 days to decide whether to proceed with the transaction with no or partial repairs, alternative proposal or choose to cancel the transaction.

What to ask for on BINSR?

#1: Dont ask for every single thing on the inspection report. If youre having trouble fitting all your repair requests in the space provided on the BINSR document, you might be asking for too much. #2: Get Estimates. #3: Ask that Repairs be Done by a Professional. #4: Get Receipts. #5: Inspect the Repairs.

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