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Inspection addendum 2025

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The Home Inspection Addendum Form outlines the procedures and responsibilities for conducting a home inspection as part of a real estate contract between a buyer and seller. It specifies that the buyer must arrange for an inspection by a licensed inspector, provides guidelines for access to the property, and details the process for addressing any deficiencies found during the inspection. The form also includes provisions for potential contract cancellation if material deficiencies are identified.

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What is the purpose of an addendum?

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.

Why would a seller want to waive inspection?

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.

What is the inspection addendum?

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.

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