 Post Inspection Agreement Form used after the Inspection This form will be used after the Home Inspection has been completed. This form will be filled out by your Realtor. It is, in essence, a counter-offer to the seller asking that items considered defects or relating to the safety or habitability of the home be corrected prior to closing. Only items that relate to habitability, safety or defects can be re-negotiated using this form. The inspection will most likely identify "routine maintenance" items that are not considered habitability or safety issues. It is important that this completed form is returned to the seller's real estate agent within the time frame allowed for your Home Inspection to be completed (the home inspection period). In the event that the purchaser's inspections disclose any defects in the property, the seller has the right, for a period of 10 calendar days after the expiration of the inspection period, to either repair the defect in a good and workman like manner, using contractors reasonably acceptable to the purchaser, or to provide other assurances reasonably acceptable by means of an escrow of funds at closing for the repairs or otherwise. If the seller is unwilling or
unable to repair the defect or to provide the
assurances described above during the repair
period, the purchaser shall have the right to
cancel the purchase contract and have the earnest
money returned. Should the right of cancellation
be exercised, written notice must be given to the
seller within five calendar days after the
earlier of, Note: Failure by the purchaser to cancel the contract within this five calendar day period, shall constitute a waiver by the purchaser of any uncured defects and the purchaser shall take the property "as is" with respect to such defects. The above information was taken from an overprint of the form used for this purpose approved by the Dayton Area Board of Realtors. | Welcome to BIS | About BIS | Home Inspections | Get Started | Technical FAQ | Contact us |
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