This sample form, an Additional Purchaser Representations and Warranties document, is usable for corporate/business matters. The language is easily adaptable to fit your circumstances. You must confirm compliance with applicable law in your state. Available in Word format.
While they don’t directly impact approval, lenders appreciate knowing that you’ve done your homework and are aware of any potential issues with the property.
Definitely. It's wise to have a legal eagle look over everything to make sure you're fully protected and understand your rights.
If a warranty is found to be false, it could give you grounds to back out of the deal or seek compensation. It's like having an escape hatch if things go south.
Absolutely! Negotiation is part of the process. Just remember to communicate clearly and aim for mutual satisfaction.
It's a good idea to list any concerns or issues that you've noticed during your property search. Think of it as creating a wish list for transparency.
These are promises made by the buyer about the property that go beyond standard disclosures. They help ensure that the buyer is fully aware of any issues before closing the deal.