Inspection Contingency: If a home inspection reveals problems, the buyer can request repairs, compensation, or opt-out. Title Contingency: If a title report reveals a conflicting ownership status, the buyer can opt-out. Active - First Right: If the buyer cannot match additional offers made on ...
Home inspections provide an opportunity for a buyer to identify any major issues with a home before closing. Your first clue that a home inspection is important is that it can be used as acontingencyin your contract with the seller. Thiscontingency providesthat if a home inspection ...
Home inspections provide an opportunity for a buyer to identify any major issues with a home before closing. Your first clue that a home inspection is important is that it can be used as acontingencyin your contract with the seller. Thiscontingency providesthat if a home inspection reveals sign...
A home inspection is meant to check the overall condition of a property, to make sure the house has no significant issues like: Signs of leaks and water damage Issues that threaten the home's foundation and structural integrity Damage to the roof Problems with the home's electrical ...
What if a seller lies on the disclosure statement? Say, for instance, the seller reveals no defects in the home, but after moving in the buyer discovers dry rot in the attic. The buyer could sue the seller for damages, but to win the case, the buyer would need evidence that the selle...
What is an Inspection? Inspections can cover a wide range of things such as: General Inspections Foundation Inspections
include a home inspection that reveals serious problems with the home or the purchase being contingent upon the buyer securing financing (see above) or the seller acquiring a new home. If these or other contingency-related challenges arise, it can stall the deal or cause it to fall apart ...
Think of it this way: If the home inspector has to wait until closing to get paid, they'd have an incentive to make sure the closing goes smoothly. An unscrupulous one might underreport problems that could get in the way of the sale. » MORE: Avoid a disclosure disaster What happens ...
Asbestos is a natural mineral and carcinogen that causes mesothelioma. Learn about how to identify it, cancers caused by asbestos and asbestos litigation.