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IMPORTANT! New purchase contract and home warranty with fee increase now in service..

posted Aug 7, 2018, 3:41 PM by Brian G. Walsh   [ updated Aug 7, 2018, 3:44 PM ]
I have updated all of the above documents and packets to include these new forms at our website.  I have also updated the Docusign templates to recognize them.  I still have to update the listing packets with the new warranty but the warranty applications have been updated in our forms in the meantime.  Please take the time to read below about our new contract and read the contract as well.  It is a home run!  Less to fill in, less pages and less redundant language.  It should make things easier all the way around!  BGW

Escrow agent language added (highlighted on attached)
Building code or health violations amended (highlighted on attached)
C.A.U.V. language has been removed
Line numbers
5 pages instead of 6
Walk through provision built in (removes another page)
Cyber security language added in bold (removes another page)
No initial/date spots at bottom of first 4 pages (pages referenced so only need sigs and date on page 5)
Other places initials removed
Slightly larger margins
Easier to read font
Less language
Seller closing cost contribution language added
Rent back language cleaned up: PLEASE KEEP IN MIND THIS RENT BACK PROVISION IS WORDED "IF NEEDED"
Secondary offer language removed
Inspection:
Costs assumed responsibility of buyer
Check Yes only (no check No)
Language bolded speaking to buyer about inspections
Provision added that adds 5 days to inspection period and additional inspections if recommendations for additional inspections are called for.  PLEASE DO NOT ADD THE LANGUAGE CALLING FOR ADDITIONAL INSPECTIONS ANYMORE AS THIS TAKES CARE OF IT AND WE DON'T WANT TO SUPERSEDE LANGUAGE IN CONTRACT.
3 day response period to seller starts at the completion of last inspection (instead of after each inspection)
Additional option to negotiate costs or reduce sales price after inspection
Terminating due to inspection made easier.
Mutual release after 4 days instead of 3, after reviewing with counsel we need to leave this as is.
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Brian G. Walsh,
Aug 7, 2018, 3:41 PM