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  • Buyer Inspection Contingency Removal Notification Form

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BUYER INSPECTION CONTINGENCY REMOVAL / NOTIFICATION (Amendment to Purchase and Sale Agreement) 1 2 3 4 5 6 7 8 9 10 11 The undersigned parties agree to and accept this inspection amendment to the.

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Once the buyer has signed a contingency and it is received by the listing agent, then that contingency has been removed. There is no need for a mutual signing by the seller for this particular form to be a part of the contract.

The contingency removal date is the date defined in the offer when the buyer will remove contingencies and commit to a firm intent to close escrow. Standard real estate contingencies typically include the right to review title, inspect the property and review the seller's disclosure packet.

The buyer is obligated to move forward with the purchase after releasing all the contingencies in a contract. Otherwise, after signing a release of contingencies, the seller has the right to demand the buyer's earnest money deposit and may be entitled to liquidated damages if the buyer decides to cancel the contract.

The buyer is obligated to move forward with the purchase after releasing all the contingencies in a contract. Otherwise, after signing a release of contingencies, the seller has the right to demand the buyer's earnest money deposit and may be entitled to liquidated damages if the buyer decides to cancel the contract.

An inspection contingency (also called a due diligence contingency ) gives the buyer the right to have the home inspected within a specified time period, such as five to seven days. It protects the buyer, who can cancel the contract or negotiate repairs based on the findings of a professional home inspector.

It covers the buyers' physical inspection and the title report or homeowner's association documents. Generally, buyers have 17 days to remove the inspection contingency. However, the time period can be changed in the agreement.

If the appraisal is less than the purchase price, then the buyer can cancel providing the buyer has an appraisal contingency in the purchase contract. If the seller agrees to lower the price to meet the appraisal, the buyer is then expected to remove the appraisal contingency.

Each one removing, or more, of the contract contingencies. Once the buyer has removed all of them in writing, they can no longer receive a refund of their deposit. This applies even if they cancel the contract, or do not go through with the purchase for any reason.

In virtually all cases, sellers will accept contingent offers or their property will be unsold.

Have the seller credit you a portion of the purchase price. ... Reduce the sale price by the estimated cost of repairs. ... Trust the seller to hire someone to make the repairs before the closing. ... Hire someone to make the repairs before the closing, with the seller paying.

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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
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
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