It’s very easy for you, the Buyer, to cancel a contract during the inspection period and receive a full refund of your earnest money. The Arizona Association of Realtors has a comprehensive list of items you may want to inspect or investigate during the inspection period. You can inspect anything to do with the home – its condition, the neighborhood, the schools, the zoning, the development plans for the area, just about anything related to the home. Typically, you have 10 days to do all of your inspections and investigations of the home. There are many protections for buyers in the “Residential Resale Real Estate Purchase Contract” of the Arizona Association of Realtors, referred to here as the “contract.” The goal is to give buyers the opportunity to thoroughly inspect and investigate the property before being “locked in” to the purchase. Congratulations! You’ve come to an agreement with the seller on price and terms and now the home is, as we say, “in escrow,” “under contract,” or “pending,” they’re all the same thing.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |