Realty Executives Phoenix

Denise van den Bossche

Denise van den Bossche

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Buyer Waiving Repair Request (Inspection Contingency)

(Published on - 4/12/2022 5:14:18 PM)

The Arizona Purchase Agreement is an As-Is contract, and due diligence is the responsibility of the Buyer. So when a Buyer states they are willing to purchase "As-Is" in this competitive Seller's market, it is redundant and really doesn't carry any weight. However, a Seller may require the Buyer to waive the lines of the contract regarding the BINSR process.   But importantly, if the Buyer submits a repair request anyway, the Seller should not respond based on the stricken language, or it may negate the Seller's intention.  More in this month's 3 Minute Market Recap HERE

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