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.
Working with a knowledgeable real estate agent and getting a thorough inspection can help buyers protect themselves and better understand what they’re getting into.
If a promise gets broken, the buyer might have grounds for legal action, leading to repairs or even compensation.
Absolutely! Buyers and sellers often negotiate the specific terms to find common ground before sealing the deal.
Buyers should look for clarity and completeness. They want to ensure there are no surprises hiding in the fine print later on.
They can impact property value since a home with solid warranties could be seen as a safer bet, making it more attractive to potential buyers.
They offer peace of mind. If something goes wrong, they protect buyers by holding sellers accountable for what they promised.
Key representations and warranties usually cover the property’s condition, ownership details, and legal compliance. They're basically promises that everything is above board.