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This document is an addendum to the Sale Agreement, outlining the terms and conditions regarding professional inspections for a residential property. It specifies the types of inspections permissible,

How to fill out professional inspection addendum

How to fill out professional inspection addendum

1. Begin by downloading or obtaining the professional inspection addendum form applicable to your region or organization.
2. Ensure that you have the results of the inspection report at hand, as this information will be needed.
3. Fill in the property address and basic details of the transaction at the top of the form.
4. Clearly list any issues identified during the inspection, along with specific recommendations for repairs or findings.
5. Include deadlines for repairs or response timelines if applicable.
6. Indicate any concessions or compromises agreed upon by both parties related to the inspection outcomes.
7. Provide spaces for signatures from both the buyer and seller, along with the date to formalize the document.
8. Review the completed addendum carefully to ensure accuracy before submission.

Who needs professional inspection addendum?

1. Real estate buyers seeking to address repair issues discovered during a property inspection.
2. Sellers who want to clarify and document how they will address inspection concerns.
3. Real estate agents involved in transactions to facilitate negotiations between buyers and sellers.

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What is professional inspection addendum?

A professional inspection addendum is a document used in real estate transactions to disclose the findings of a professional inspection, providing details about the condition of the property.

Who is required to file professional inspection addendum?

Typically, the seller or the buyer, depending on the terms of the transaction, is required to file a professional inspection addendum after a property inspection has been conducted.

How to fill out professional inspection addendum?

To fill out a professional inspection addendum, include the details of the inspection, findings, any necessary repairs, and the professionals involved in the inspection process. Be sure to accurately convey all relevant information.

What is the purpose of professional inspection addendum?

The purpose of a professional inspection addendum is to formally document the results of a property inspection, ensuring that all parties are aware of the property's condition and any required repairs, thus protecting their interests.

What information must be reported on professional inspection addendum?

The information that must be reported on a professional inspection addendum includes the date of the inspection, the inspector's details, the findings, any recommended repairs, and the overall condition of the property.