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all real estate transactions are asis: The purchase contract clause about "the buyer has the right to "investigate" the property"... - 08/19/11 12:03 AM
Examining the contract
California Residential Purchase Agreement
PAGE 4   paragraphs 9 & 10
 
These paragraphs give the buyer the right to "investigate" the property and if they don’t like what they find can back out of the deal.
I call it the BUYERS Due Diligence Period
As the buyer, you are entitled to know everything about the property you are buying. This time period is sometimes called the Investigation Period.  Unless otherwise noted in the contract the buyer has 17 days to remove investigation contingency, which allows the buyer and their home inspector(s) the opportunity to carefully look over the … (1 comments)

 
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Patti Lyles, Santa Cruz County Short Sale & REO Agent (831) 335-2100

Santa Cruz, CA

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Century 21 Showcase, REALTORS®

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