Received an email from a student named Debbie about time frames for disclosures and documents. Here's my response. I hope it helps! :-)
Debbie: We (company) are using Docusign which is a great time saver but I’m still confused as to how to determine time frames for all the various disclosures to be completed. Any help or suggestions I can get is appreciated.
Diana: If you take a look at the CAR contract, the seller usually has 7 days from acceptance to deliver all required disclosures and reports to the buyer. (See page 5 14A) .
I like to see the disclosures and reports delivered to the buyer at MINIMUM 5 days prior to the buyer’s inspection contingency removal is due (See page 5 item 14B(3)). There is a clause allowing the buyer 5 days from delivery of the disclosure or document to review prior to removing the inspection contingency
The Inspection/Loan/Appraisal/Deposit and Increased Deposits usually have a specified date for when they are due on the contract.
Hope this Helps!