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INSPECTION CONTINGENCY REMOVAL ADDENDUM 1. THE PARTIES. This Inspection Contingency Removal Addendum (Addendum) made this ___ is by and between: Seller: ___ (Seller) and Buyer: ___ (Buyer). The Seller
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How to fill out home inspection contingency removal

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How to fill out home inspection contingency removal

01
Review the home inspection report: Carefully read through the findings provided by the home inspector.
02
Identify concerns: Make a list of any major issues that need addressing before proceeding with the purchase.
03
Discuss with your agent: Talk to your real estate agent about the implications of the report and your options moving forward.
04
Negotiate repairs: If needed, communicate with the seller regarding repairs or concessions.
05
Complete the contingency removal form: Fill out the required form stating that you are waiving the home inspection contingency.
06
Sign and submit: Sign the form and submit it to the seller or their agent within the agreed timeframe.

Who needs home inspection contingency removal?

01
Homebuyers who have made an offer on a property and have a home inspection contingency in their purchase contract.
02
Buyers who are satisfied with the results of their home inspection and wish to proceed with the transaction.
03
Individuals looking to secure their purchase agreement by formally removing the contingency.
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Home inspection contingency removal is a process in real estate transactions where the buyer formally waives the home inspection contingency, indicating they accept the property's condition without the need for further inspections.
The buyer is typically required to file the home inspection contingency removal as part of the purchase agreement.
To fill out a home inspection contingency removal, the buyer should complete the designated section of the purchase agreement or a specific form, signing to indicate they are waiving the inspection contingency.
The purpose of home inspection contingency removal is to provide the seller with assurance that the buyer is committed to purchasing the property, thereby moving the sale process forward without pending inspection conditions.
The home inspection contingency removal must typically include the buyer's name, property address, date, and a statement indicating the waiver of the inspection contingency.
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