The Virginia Home Inspection Addendum is a crucial document that allows buyers and sellers to address home inspection findings during a real estate transaction. This form is used to remove the home inspection contingency from the purchase contract, contingent upon the seller agreeing to specific repair requests. By detailing any deficiencies and proposed remedies, both parties can ensure clarity and mutual understanding before finalizing the sale.
The Virginia Home Inspection Addendum form plays a crucial role in the home buying process, particularly when it comes to addressing the condition of a property. This form is designed for use between the purchaser and seller, allowing them to outline the terms related to the home inspection contingency included in the residential contract of purchase. By utilizing this addendum, buyers can specify any deficiencies found during the inspection and propose remedies that the seller should address. Once the seller agrees to these terms, the buyer can formally remove the home inspection contingency, which can help move the transaction forward. It's important to note that any repairs requested must be performed by qualified professionals, ensuring that the work meets appropriate standards. Additionally, the seller is required to provide evidence of completed repairs before the buyer’s final walk-through, adding a layer of assurance for the purchaser. This form not only facilitates communication between parties but also helps protect the interests of both buyers and sellers throughout the transaction.
VIRGINIA ASSOCIATION OF REALTORS®
HOME INSPECTION REMOVAL OF
CONTINGENCY ADDENDUM
TO RESIDENTIAL CONTRACT OF PURCHASE
This Addendum is made on
, in accordance with the Sales Contract (“Contract”)
dated
between
(“Purchaser”)
and
(“Seller”) for the
purchase and sale of Property:
.
Contract referenced above includes a Home Inspection Contingency.
A complete copy of the Inspection report(s) is/are attached for your information and review. The specific deficiencies of Property that Purchaser requests Seller to remedy are listed below together with Purchaser’s proposed remedies, if any. Purchaser hereby removes the Home Inspection Contingency upon Seller’s agreement to the following:
Unless otherwise specified above, all repairs are to be performed by a qualified contractor or professional proficient to do the type of work required, and receipts or other written evidence that the repairs have been completed will be provided prior to or at Purchaser’s final walk through inspection of Property.
SELLER:PURCHASER:
/
Date
Signature
COPYRIGHT©2013 by the Virginia Association of REALTORS®. All rights reserved. This form may be used only by members in good standing of the Virginia Association of REALTORS®. The reproduction of this form, in whole or in part, or in the use of the name “Virginia Association of REALTORS®”, in connection with any other form, is prohibited without prior written consent of the Virginia Association of REALTORS®.
VAR FORM 600 E REV. 10/13
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