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Updated almost 5 years ago on . Most recent reply

User Stats

15
Posts
1
Votes
Paul K.
  • San Francisco, CA
1
Votes |
15
Posts

Contingency language in offer letter

Paul K.
  • San Francisco, CA
Posted

Hi BP community,

I was using sellers agent to represent me as buyer for a duplex. It was in decent shape but the As-Is offer "buyer buying a duplex in as-is condition without any warranty".. so I wanted a contingency of satisfactory inspection.

The agent finally agreed after a long conversation and included "Purchase contingent upon Home Inspection by professional inspector."

Would that have protected me as a buyer if major things came up in the inspection?

Theres is no language included stating approval, satisfactory, etc., but only that an inspection should be done.

Thoughts?

Thanks in advance!

PK

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