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CONTINGENT UPON SALE ADDENDUM In reference to the Purchase Agreement executed by ___ as Buyer(s) and ___ as Seller(s), dated ___ covering the real property at ___, the Buyer hereby proposes that the
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How to fill out inspection contingency addendum to

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How to fill out inspection contingency addendum to

01
Obtain the inspection contingency addendum form from your real estate agent or purchase it online.
02
Fill out the basic information such as the property address, buyer's name, seller's name, and date.
03
Specify the inspection period, which is typically 7-10 days from the date the offer is accepted.
04
Outline the types of inspections that will be conducted (e.g. home inspection, pest inspection, radon inspection).
05
Include any specific requests or contingencies related to the inspections (e.g. repair requests, renegotiation of price based on inspection findings).
06
Have all parties involved sign and date the inspection contingency addendum form.

Who needs inspection contingency addendum to?

01
Buyers who want to protect themselves from purchasing a property with undisclosed issues or defects.
02
Sellers who want to ensure that buyers conduct inspections within a specified timeframe.
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Inspection contingency addendum is a document added to a real estate contract.
The buyer is typically required to file the inspection contingency addendum.
The inspection contingency addendum should be filled out with details regarding the inspection process and any related contingencies.
The purpose of the inspection contingency addendum is to protect the buyer by allowing them to cancel the contract if certain inspections reveal issues.
The inspection contingency addendum should include details about the inspection process, any contingencies related to the inspection, and the deadline for completing the inspection.
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