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Updated about 3 years ago on . Most recent reply

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Denise Van den Bossche
  • Scottsdale, AZ
1
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Waiving Repairs (Buyer Inspection) Contingency in Arizona

Denise Van den Bossche
  • Scottsdale, AZ
Posted

The Arizona Purchase Agreement is an As-Is contract, and due diligence is the responsibility of he 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.

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Scott E.#4 Rehabbing & House Flipping Contributor
  • Contractor
  • Scottsdale, AZ
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Scott E.#4 Rehabbing & House Flipping Contributor
  • Contractor
  • Scottsdale, AZ
Replied

It's all just a psychological game getting that offer accepted. Most sellers are not intimately familiar with the purchase contract. To be honest, I've written hundreds of offers over the years and can't say I'm even intimately familiar with the purchase contract.

When you put simple language in the comments it will catch the sellers eye, even if it's technically redundant.

-Cash

-AS IS

-Waive inspection

-Non refundable earnest deposit

-No repairs will be requested

-Etc

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