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  • Home Inspection Addendum Form

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HOME INSPECTION ADDENDUM FORM 1 This Addendum is attached to and made part of the Contract dated between 2 (Seller(s) and 3 (Buyer(s), for the 4 Property located at: 5 6 (Address or Description per.

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How to fill out the Home Inspection Addendum Form online

Completing the Home Inspection Addendum Form online is an essential step for both buyers and sellers in a real estate transaction. This guide will walk you through each section of the form with clear instructions, ensuring you fill it out accurately and effectively.

Follow the steps to complete the Home Inspection Addendum Form online:

  1. Press the ‘Get Form’ button to access the Home Inspection Addendum Form and open it in your preferred editor.
  2. Enter the contract date in the designated field. This date is essential as it marks the beginning of the contractual agreement.
  3. Fill in the Seller(s) and Buyer(s) details accurately, ensuring all names are spelled correctly.
  4. Provide the property address or description as stipulated in the contract, making sure it matches the agreement.
  5. In the provisions section, specify the number of calendar days allowed for the buyer to arrange the home inspection after the contract's effective date.
  6. Indicate the name of the licensed home inspector who will conduct the inspection, ensuring they are certified to perform home inspections in Mississippi.
  7. Include any relevant details regarding buyer access to the property, providing clarity on the expected notice and access conditions.
  8. Detail the responsibilities of the seller regarding utility access during the inspection to avoid any disputes.
  9. Outline how the buyer will report deficiencies, mentioning that the home inspection report should be provided to the seller.
  10. Specify the maximum amount for repairs that the seller agrees to, if applicable, to prevent misunderstandings.
  11. State the outcome options if deficiencies are found, guiding the user on whether they can proceed with the contract or cancel it.
  12. Make sure to include the final walk-through clause for the buyer, allowing them to verify contract fulfillment before closing.
  13. After completing all sections of the form, save your changes to the document. Choose to download, print, or share the form as needed.

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Another common stipulation in a real estate contract is the financing contingency. This clause states the offer is contingent on your ability to obtain financing, and it will specify the type of financing, terms, and the amount of time in which you have to apply and be approved for the loan.

A contingency clause often states that your offer to buy property is contingent upon X,Y, & Z. For example, the contingency clause may state, “The buyer's obligation to purchase the real property is contingent upon the property appraising for a price at or above the contract purchase price.”

For instance, if a seller offers a certain price and you, as the buyer, say the price is fine (provided the home inspection comes back clean), you have made a contingent real estate contract. In this case, the sale of the house depends on the inspection not having problems defined in the contract.

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

Contingencies can include details such as the time frame (for example, “the buyer has 14 days to inspect the property”) and specific terms (such as, “the buyer has 21 days to secure a 30-year conventional loan for 80% of the purchase price at an interest rate no higher than 4.5%”).

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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
Privacy Notice
Legal Hub
Content Takedown Policy
Bug Bounty Program
About Us
Blog
Affiliates
Contact Us
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 WorkFlow
DocHub
Instapage
Social Media
Call us now toll free:
+1 833 426 79 33
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