Tag: GCAAR Regional Sales Contract

Sellers should consider an appraisal addendum

As we are again finding ourselves in a competitive market, with sellers in many cases receiving multiple offers, one issue that has re-surfaced is the concept of “waiving the appraisal contingency.”   What does this mean to a buyer...

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The bait ‘n’ switch continued…

In Part 1, we looked at a scenario where a purchaser (Offer B) was attempting to switch from an “all cash” purchase to using lender financing under the GCAAR Regional Sales Contract, after the contract had been ratified. We concluded...

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Buying a newly renovated house

I am putting in an offer on a recently renovated house and I am not sure the sellers got permits. Is there a way to protect myself in the contract? Buying a newly renovated house is always an adventure. What do you ask for and what don’t...

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‘As Is’ Means As Is for Termites

“. . . All clauses in this Contract pertaining to Property condition, termites or compliance with city, state or county regulations are hereby deleted from this Contract. . . .” – AS-IS para. #3, Addendum of Clauses, GCAAR...

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