AB side under Contract...Inspection Period for End Buyer? BC Side

AB side under Contract...Inspection Period for End Buyer? BC Side

Member since 2019 · 7 posts · 0 votes

Morning BP Family,

Quick Question.  I have a property under contract and plan to do a Double Close.  On the BC Buy/Sell Agreement what should my contract say for an Inspection Period?  Is something like below adequate or should they have say a 3-5 day Inspection period or something?  Close is scheduled for 2 weeks form now on the AB Buy/Sell Agreement.  Thank you for the advice.  What else is important for the BC contract other then "Contract cannot be assigned" and "Cannot Market property until close and Title transferred"

INSPECTION. Buyer has Inspected the property prior to this agreement being signed or has forfeited their desire to do so.
Buyer understands that this property is being sold 'AS IS' and releases Seller of any and all responsibility for repairs.

Thank you!

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