Seattle's Home Inspection Team (206) 295-4330
: April 2012

Realtors tip: Short Sale and Bank Owned Homes - Easy to avoid pitfall

In today's marketplace, many homes have their electricity / water/ gas turned off. We frequently run into issues with inspection contingency periods running out as they struggle to get utilities restored in time.


When writing up your Purchase and Sale Agreement, put in the contract:

“Once the Selling Agent has been notified by the Listing Agent-Office that ALL UTILITIES to the property have been restored and are operable, the inspection contingency period will begin."



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Realtors tip: Short Sale and Bank Owned Homes - Easy to avoid pitfall
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In today's marketplace, many homes have their electricity / water/ gas turned off. We frequently run into issues with inspection contingency periods running out as they struggle to get utilities restored in time. When writing up your Purchase… more