FAQ’s – (Buyers – Due Diligence & Contract Termination) By: Scott Umstead Disclaimer: The answers below are not legal advice nor are they a substitute for legal advice. They are presented strictly as a courtesy and are based on the general real estate contract currently in use rather than your particular contract. If you do […]
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The “New” Due Diligence Procedure – Part 2 By: Scott Umstead Though the “new” contract presents the due diligence procedure without alternatives, the parties can alter or eliminate the due diligence procedure through an addendum. As-Is Offers: To begin, the buyer can make an as-is offer. If this is the Buyer’s wish, simply strike through
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The “New” Due Diligence Procedure – Part 1 By: Scott Umstead The “new” contract going into common use on June 13th is actually the same contract Horry County agents have been using, except the “repair procedure” and “as-is” options in paragraph 8 are gone. The “newness” is that “due diligence” is brought into the mainstream.
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