The BINSR document is used to request corrections when all inspections and investigations have been completed to the property. The Buyer has 3 options (i) Accept premises without corrections; (ii) Reject premises; or (iii) Elect to provide the seller an opportunity to correct disapproved items. Within the inspection period, … [Read more...] about What’s a BINSR? Buyer’s Inspection Notice and Seller’s Response
Real Estate
2nd Appraisal Value…
A buyer and seller agree to terms in a real estate purchase contract, where the buyer is going to get a loan for the property. One of the conditions of the loan is that the property appraises for at least the purchase price. An appraisal is done on the property and the value came in at the purchase price. Buyer and seller are … [Read more...] about 2nd Appraisal Value…
