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
