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Santa Clara County Association of REALTORS®
1651 N 1st St, San Jose, California 95112
Non-contingent offers are on the rise in the Bay Area, as a strategy for accelerating real estate transactions. However, there are a number of risks associated with non-contingent offers.
Here are some highlights from Simon Offord about the risks that buyers and sellers should know.
♦ Use the Buyer's Inspection Advisory and Waiver, and the Market Condition Advisory forms
♦ Use the Statewide Buyer and Seller Advisory
♦ Watch out for outdated reports or incomplete disclosures
♦ Be on the lookout for title issues
♦ Pay special attention to the Natural Hazards Report
♦ Don't give assurances
♦ Understand the risks of non-contingent offers and liquidated damages
♦ Be thorough in your investigation prior to putting in an offer
♦ Buyers: Ensure that all issues with the property are adequately disclosed
#noncontingent #sccaor #education #realestate
Register by October 3rd 9PM PST for Early Bird pricing ~~> sccaor.com/class/noncontingent