173 174 N INSPECTIONS Check one 175 176 Buyer has been made aware that

173 174 n inspections check one 175 176 buyer has

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173 174 N. INSPECTIONS: (Check one) 175 176 Buyer has been made aware that independent inspections disclosing the condition of the property may be 177 conducted and has been afforded the opportunity to require such inspections as a condition of this Agreement. (Property Address) Page 3 of 8 (Purchase Agreement) COPYRIGHT IAR 2020 100 100 10 14218 TURNER HOLLOW pl, Fishers, IN 46040 dotloop signature verification: dtlp.us/zI4Y-HeGq-QFIO
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178 1. BUYER WAIVES THE RIGHT TO HAVE INDEPENDENT INSPECTIONS 179 Buyer WAIVES inspections and relies upon the condition of the Property based upon Buyer's own 180 examination and releases the Seller, the Listing and Selling Brokers and all licensees associated with 181 Brokers from any and all liability relating to any defect or deficiency affecting the Property, which 182 release shall survive the closing. Required FHA/VA or lender inspections are not included in this 183 waiver. 184 185 2. BUYER RESERVES THE RIGHT TO HAVE INDEPENDENT INSPECTIONS (including Lead-Based Paint) 186 Buyer reserves the right to have independent inspections in addition to any inspection required by FHA, VA, or 187 Buyer's lender(s). All inspections shall be: 188 a. At Buyer's expense (unless agreed otherwise by the parties or required by lender); 189 b. Conducted by licensed, independent inspectors or qualified independent contractors selected by 190 Buyer within the following time periods. 191 Seller shall have water, gas, electricity and all operable pilot lights on for Buyer's inspections. Seller must make all 192 areas of the Property available and accessible for Buyer's inspection. 193 194 3. PROPERTY IS SOLD "AS IS". See Attached Addendum. 195 196 INSPECTION/RESPONSE PERIOD: 197 A. INITIAL INSPECTION PERIOD: Buyer shall order all independent inspections after acceptance of the Purchase 198 Agreement. Buyer shall have days beginning the day following the date of acceptance of the Purchase 199 Agreement to respond to the inspection report(s) in writing to Seller (see "Buyer's Inspection Response"). 200 B. SCOPE OF INSPECTION: Inspections may include but are not limited to the condition of the following systems and 201 components: heating, cooling, electrical, plumbing, roof, walls, ceilings, floors, foundation, basement, crawl space, 202 well/septic, water, wood destroying insects and organisms, lead-based paint (note: intact lead-based paint that is in 203 good condition is not necessarily a hazard), radon, mold and other biological contaminants and/or the following: 204 205 C. ADDITIONAL INSPECTION: If the INITIAL inspection report reveals the presence of lead-based paint, radon, mold 206 and other biological contaminants, or any other condition that requires further examination or testing, then Buyer 207 shall notify Seller in writing and have additional days from the deadline listed above to order, 208 receive and respond in writing to all inspection reports. 209 D. INSPECTION RESPONSE(S) REQUIRED: If the Buyer does not comply with any Inspection/Response Period or make 210 a written objection to any problem revealed in a report within the applicable Inspection/Response Period, the Property 211 shall be deemed to be acceptable. If one party fails to respond or request in writing an extension of time to respond to the
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  • Fall '19
  • seller, title insurance

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