Well, It’s here. Due Diligence contracts have arrived and the way real estate professionals explain and present contracts has changed forever. I have been hearing all sorts of comments from real estate agents over the last few months. Ranging from this is the end of real estate to this is the best thing ever. I happen to be in the latter group. I think the change will smooth out the real estate pending process and everyone will have a better experience.
“So… Why do I think the new Due Diligence Contract is better?”
Key Takeaways:
- The Termination Date
- Arguments about what are seller paid repairs are gone
- The buyer is responsible for any and all inspections
- Same Repair Addendum
- The Termination Fee
- If you want to dive into details, CLICK HEREto watch Austin Smallwood, Staff Attorney at SCR.
If you have further questions about this or anything to do with real estate, don’t hesitate to give me a call or send an email. I’d love to help you.
