According to a CAR Residential Purchase Agreement, how long does a buyer have to complete inspections and approve all material provided by the seller in relation to the property, if not specified?

Question

Mendoza

Law

5 December, 16:09

According to a CAR Residential Purchase Agreement, how long does a buyer have to complete inspections and approve all material provided by the seller in relation to the property, if not specified?

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Answers (1)

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Luke Fitzpatrick · Answer 1

Answer: 5 days

Explanation:

California residential purchase and sale agreement is contract between an individual or an entity selling a property and an individual or entity that. wants to buy the said property. It is the duty of the seller, by law, to include a disclosure that notifies the buyer of issues concerning the property's state.

The agreement will specify that the buyer possess the right to make a final inspection on the property within 5 days before closing, not as a sales contingency but to confirm that the property is in same condition, and any repairs have been completed based on the agreement between the parties and that the seller has complied.