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Updated over 5 years ago on . Most recent reply

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Eric Washington
  • Inspector
  • Maryland
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27
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Inspection Contingencies addendum

Eric Washington
  • Inspector
  • Maryland
Posted

When making an offer is section 4b good enough to get me out of an deal that turns bad because of unexpected issues or contractor bids that make it not profitable.  

My realtor thinks its good enough I think i should just add my own inspection contingency. 

What about you all?

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Russell Brazil
  • Real Estate Agent
  • Washington, D.C.
30,123
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Russell Brazil
  • Real Estate Agent
  • Washington, D.C.
ModeratorReplied

If you do business in a nonattorney state, which it appears is the case because that is a Maryland contract, then you need to use the preapproved forms if it is a residential transaction.  Simply put, no listing agent is going to accept an offer if its not on forms they are familiar with.  By using nonapproved forms, you force a seller to have to incur the cost of hiring an attorney to review, which no one is realistically going to do because its simply not done in nonattorney states like Maryland.

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