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Get Virginia Realtors Form 600d Home Inspection Contingency Addendum - 2019-01 Redline
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How to fill out the Virginia REALTORS Form 600D Home Inspection Contingency Addendum - 2019-01 Redline online
This guide provides clear, step-by-step instructions on completing the Virginia REALTORS Form 600D Home Inspection Contingency Addendum. Designed for users of all experience levels, this resource will help you navigate the form efficiently and effectively.
Follow the steps to complete the addendum accurately
- Click ‘Get Form’ button to obtain the form and open it in your preferred editing tool.
- Begin by filling in the date the addendum is made at the top of the form. Make sure to provide the date clearly, as it establishes the timeline for the Home Inspection Contingency.
- In the next section, specify the names of the Purchaser and Seller. Use full legal names to avoid any ambiguity.
- Fill in the property details relevant to the purchase and sale, ensuring all information is accurate and matches the sales contract.
- Indicate the Home Inspection Period by entering the number of days in the designated field. This sets the timeframe within which the inspection must be completed.
- In the section regarding the inspection specifics, note any aspects you wish to be particularly examined, such as structural integrity, HVAC, plumbing, and other systems.
- Should you require further inspections based on findings, indicate that on the form, allowing the Home Inspection Deadline to be extended as necessary. Ensure to comply with the specified timeframes.
- In case any deficiencies are discovered during the inspection, prepare a written addendum, listing these deficiencies alongside proposed remedies as stipulated in the addendum.
- Fill in the Negotiation Period with the number of days allowed for negotiation post-delivery of the Removal Addendum.
- If an agreement cannot be reached, complete the Purchaser’s Election section by indicating the number of days within which the Purchaser will notify the Seller if they choose to terminate the Contract.
- Complete the Earnest Money Deposit section by indicating whether the deposit will be returned to the Purchaser or Seller upon contract termination.
- Finally, ensure that all signatories print and sign their names clearly along with providing the respective dates to validate the form.
- Once all sections are completed, review the form for accuracy, then save changes, download, print, or share the completed document as needed.
Complete your documents online to streamline your real estate transactions.
A home sale contingency gives the buyer a specified amount of time to sell and settle their existing home in order to finance the new one. This type of contingency protects buyers because if an existing home doesn't sell for at least the asking price, the buyer can back out of the contract without legal consequences.
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