It came across my email this morning as a addendum. It was short and sweet and to the point. It was a contract addendum concerning inspections. It stipulated that if repairs were under $500.00 that the seller would do nothing but if repairs were over $500.00 then the parties would negotiate. I really like this in the case of my sellers but I don't really know if it is the greatest for my buyers. These little defferred maintenace things could add up and who is to say what would add up to $500.00. This could be subjective to whom you spoke to.
So what do you think of this addendum? Does it show up in your market?