Inspection Repair and Survey Addendum: Fill out & sign online

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Click ‘Get Form’ to open the Inspection Repair and Survey Addendum in our editor.
Begin by filling in the date of the Real Estate Contract and the names of both Buyer and Seller. Ensure all fields are accurately completed for clarity.
In the 'BUYER'S INSPECTION' section, select one of the options (A, B, C, or D) that best describes your choice regarding property inspection. Provide a list of requested repairs if applicable.
For 'SELLER'S RECEIPT', indicate whether any repairs were requested by the Buyer. If so, ensure to document them clearly within the specified timeframe.
Complete 'SELLER'S RESPONSE TO REPAIR LIST' by agreeing or providing additional comments on the repair requests made by the Buyer.
Finally, ensure both parties sign where indicated to finalize the addendum. Review all entries for accuracy before submission.

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What is the addendum for inspection repairs?

In many states, your buyers agent will be legally required to submit what is known as a repair request addendum. This is a formal amendment or modification to the original sales contract used to convey the same demands as the repair request forms.

What is the addendum to a contract for repairs?

An addendum is an addition to a finished document, such as a contract. The most common addendum is an attachment or exhibit at the end of such a document.

Is the seller responsible for repairs after inspection?

The seller is not required to pay for such repairs, but it can be in their best interest to do so if it means securing the sale. In some cases, the seller may put cash toward the repairs, while other sellers may choose to negotiate a lower sales price instead.

What is an inspection addendum?

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.

Does a seller have to agree to an addendum?

Addendums can override parts of the original contract and expand on others. 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.