On our contracts we have an area referenced as Special Provisions. We're only allowed to add factual statements that are approved by our Broker.
But there are times I wish I could add the following:
1. Seller to not be present during home inspections.
The man in this picture is the home inspector. The woman standing inches away shadowing his every move is the home seller.
2. Buyer to perform appraisal with 18 days of the execution of the contract.
If the appraiser wanted to wait 29 days into a 30 day contract, he could. If the home didn't appraise, the buyer could walk AND retain their earnest money. Not good for the seller! The appraisal, and its findings should be FINISHED within a specified time period.
3. Buyer to choose home warranty.
I actually add this to all of my offers. I grew tired of my buyer being slammed with some company the Listing Agent was promoting. If my buyer is going to live in the house and "make the claims" he or she should be allowed to pick and choose who they are going to work with.