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The document is an Inspection Addendum to a Purchase and Sale Agreement, outlining the conditions under which the Buyer can conduct inspections of the Property. It details the Buyer's obligations regarding inspections, timelines for notifying the Seller about inspection results, and procedures for negotiating repairs or modifications based on those inspections. The addendum emphasizes that failure to provide timely notice will result in waiving the inspection contingency. Additionally, it includes advisories about on-site sewage systems and neighborhood conditions.

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When would a Washington buyer complete form 35R?

This form is utilized by Washington State home buyers following the inspection of a property and is used to request the seller make repairs or modifications to the contract. This can hold up closing until the list of repairs specified has been completed.

What is 35R?

1:17 19:36 Now once a buyer goes ahead and initiates this response. They have to wait the required amount ofMoreNow once a buyer goes ahead and initiates this response. They have to wait the required amount of time for the seller to go ahead and actually respond. Back once you hit send on this you cannot unend.

What are inspection contingencies in real estate?

An inspection contingency allows the homeowner a specific number of days (typically 7 10), to respond with any objections to whats found in the inspection. This ensures the buyer is able to collect enough information to make an informed purchase decision.

What is an inspection addendum in real estate?

inspection addendum or clause. in a contract to buy or sell real estate, a clause or attachment that allows the buyer (or a qualified party) to inspect the property. If repairs are needed, the seller may be allowed to perform the repairs up to a dollar limitation or choose not to sell.

What is the inspection contingency in Washington state?

A home inspection contingency allows the buyer to schedule a professional inspection of the property to uncover any major issues. If the inspection reveals significant problems, the buyer has the right to: Terminate the contract and get their earnest money deposit back.