If the only default remedy for the seller is to keep the buyer's (wholesaler's) earnest money, I don't see a problem with this verbiage.What do you think?

The LLC would be formed in a state where taxes make sense and probably charging orders are the only creditor remedy, even though there is a chance other state's law could apply.

None of these are deal killers but termites and foundation problems are probably my least favorite.Most things are not an issue, but there has to be room in the deal to remediate any of these problems as most of them are more costly than simple cosmetic concerns.

In your case, you already have firsthand knowledge of the potential danger and while I'm not a lawyer, I would think you might be held accountable by a civil court if you don't take steps to remedy the situation before someone else gets seriously injured.

The purchaser shall have the same rights and remedies in connection with the execution of an order for possession and the disposition of personal property following execution as are provided to a landlord under North Carolina law, including Chapters 42 and 44A of the General Statutes.

I personally would add about another $25k on that estimate due to unforeseen issues (remediation, foundation problems, material cost/availability, etc ).

The seller agreed to our P&S price is $174200 with $9200 in seller concessions for closing costs/escrow. the home inspection found some issues, so we amended the P&S and the seller agreed to every single one of them and remedied all of the repairs with professional contractors which included replacing basement stairs, rebuilding the top of the chimney, replacing one of the furnaces and one of the water heaters, among a few other minor repairs. this was all fantastic and im very happy that the seller agreed to EVERYTHING!!!! 

It can cost 100s of thousands to remedy..It could definitely be a reason why they are selling it..

Let me know if this sounds correct: Prepare the Property for Sale: Property Valuation: Listing the Property: Negotiate with Buyers: Enter into a Purchase Agreement: Property Inspection: Remedy any Identified Issues: Title Search and Insurance: Close the Sale: Fulfill all Legal and Tax Obligations:I have never sold a property and I have bought several and I do not really know a way to bypass these steps.

I have built into my lease that Tennant's will be on the hook for any pest remediation after they have lived there 30 days.