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Inspection Repair and Survey Addendum

Inspection Repair and Survey Addendum 2025

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The document is an Inspection, Repair and Survey Addendum related to a real estate contract between buyers Robert & Wendy Hunter and sellers Patrick & Samantha Sullivan for a property in Fort Smith, AR. It outlines the buyer's rights regarding property inspection, repair requests, and seller responses. The addendum emphasizes that the buyer can choose their inspector, acknowledges the condition of the property, and includes legal disclaimers about reliance on agents' advice. It is a legally binding document requiring signatures from both parties.

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What is the inspection addendum in real estate?

Definition of inspection addendum or clause If repairs are needed, the seller may be allowed to perform the repairs up to a dollar limitation or choose not to sell. The buyer may require the seller to make repairs, negotiate a lower price, or back out. Same as property condition addendum.

Why would a seller want to waive inspection?

Sellers might choose not to allow a home inspection for several reasons: Avoiding Negotiations: A home inspection can reveal issues that might lead to renegotiation of the sale price or demands for repairs. By skipping the inspection, sellers may hope to avoid potential price reductions or repair requests.

Is it normal to ask for repairs after a home inspection?

Yes, you can ask the seller to address small issues found during the home inspection. Its common for buyers to request repairs or concessions based on the inspection report, especially for minor issues like: Cosmetic repairs (eg, paint touch-ups) Minor plumbing or electrical fixes Issues with appliances.

What is the repair addendum to the inspection?

A repair addendum is an amendment to the original real estate contract that specifies repairs the seller agrees to complete before closing. It is often created after the buyer conducts a home inspection and identifies issues that need addressing.

What is the biggest red flag in a home inspection?

The most common addendum is an attachment or exhibit at the end of such a document. For example, a contract to manufacture widgets may have an addendum listing the specifications for said widgets.

What is the purpose of an addendum in real estate?

In real estate, an addendum is an addition or supplement made to a contract that modifies, clarifies, or adds specific terms or conditions. An addendum should not be confused with an amendment, which modifies a contract that has already been executed.

Does a seller have to agree to an addendum?

Instead of scratching out and handwriting over certain parts of the contract, addendums are drafted and signed to prove both buyer and seller agree. This includes: Modifying the purchase price, closing date, and financing terms.

Inspection Repair and Survey Addendum 2025

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What is the inspection addendum in real estate?

Why would a seller want to waive inspection?

Is it normal to ask for repairs after a home inspection?

What is the repair addendum to the inspection?

What is the biggest red flag in a home inspection?

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What is the purpose of an addendum in real estate?

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Inspection Repair and Survey Addendum 2025

Here's how it works

The easiest way to modify Inspection Repair and Survey Addendum in PDF format online

Complete this form in 5 minutes or less

Got questions?

What is the inspection addendum in real estate?

Why would a seller want to waive inspection?

Is it normal to ask for repairs after a home inspection?

What is the repair addendum to the inspection?

What is the biggest red flag in a home inspection?

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People also ask

What is the purpose of an addendum in real estate?

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