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HOME INSPECTION CONTINGENCY REMOVAL ADDENDUM This addendum shall be an integral part of the Purchase Agreement. Purchaser: Seller: Property Address: Purchase Agreement Date: described below, and shall.

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There are three types of group contingencies – dependent, independent, and interdependent.

It's also important to know how long your inspection period is. In Florida unless otherwise specified, the default inspection period is 15 calendar days. This is longer than the default in other states. However, this is a point of negotiation and the inspection period can last any number of days.

The biggest reason to make your offer contingent on a professional home inspection is because it can help you avoid purchasing a home with hidden, expensive, and dangerous problems.

An inspection contingency, also called a “due diligence contingency,” gives the buyer the right to have the home inspected in a specified time period. Depending on the findings of the home inspection, the potential home buyer can negotiate repairs or they can cancel the contract.

In California, the default contingency period is set for 17 days, although it can be shortened or waived to make an offer stand out in a multiple-offer scenario. Waiving the contingency clause means the buyer commits to purchase the home as-is.

Therefore, it's very important for the buyer to be ahead of the deadline and schedule the home inspection as soon as possible. In California, the default contingency period is set for 17 days, although it can be shortened or waived to make an offer stand out in a multiple-offer scenario.

An inspection contingency, also called a “due diligence contingency,” gives the buyer the right to have the home inspected in a specified time period. Depending on the findings of the home inspection, the potential home buyer can negotiate repairs or they can cancel the contract.

7 tips for negotiating after a home inspection Hire an experienced real estate agent. ... Only focus on the major repairs. ... Opt for a credit or price reduction instead. ... Think long term. ... Provide supporting documents. ... Ask for a home warranty. ... Be reasonable.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
Content Takedown Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232