Jia's Home Inspection and Purchase Agreement Amendment
Jia's Home Inspection Reveals Issues
After conducting a thorough home inspection, Jia discovered several issues that she would like the seller to address before finalizing the purchase of the property. These issues range from structural concerns to necessary repairs that were not initially disclosed.
Agent Drafts an Amendment to the Purchase Agreement
Given the findings of the home inspection, Jia's agent prepares an amendment to the purchase agreement. This document serves as a legal modification to the original contract and outlines the specific issues that Jia wants the seller to rectify.
Finalizing the Amendment
The amendment drafted by Jia's agent details the necessary repairs and sets a timeline for completion. Both parties must agree to the terms specified in the amendment before moving forward with the sale of the property.
Ensuring Compliance and Completion
Once the seller agrees to the terms outlined in the amendment, they are legally bound to address the issues within the specified timeline. This process ensures that Jia's concerns are addressed before finalizing the purchase of the property.
What document does Jia's agent draft when a home inspection reveals issues that she wants the seller to address?Final answer:
An amendment to the purchase agreement would be drafted by the agent when a home inspection reveals issues that the buyer, Jia, wants the seller to address. This amendment outlines the exact issues and stipulates a timeline for the necessary repairs.
Explanation:
In this context, when Jia's home inspection revealed some issues that she wishes the seller to address, her agent would draft an amendment to the purchase agreement. This document provides a legal outline for the changes requested in the initial agreement, which, in this case, would involve the seller making specific repairs before the purchase can proceed. The amendment might specify the exact issues found during the home inspection and would likely stipulate a timeline for the repairs to be completed. It's widely used in real estate transactions to ensure both parties agree to the proposed changes to the initial agreement.