Indiana Inspection Response Form PDF Details

In the process of buying or selling property in Indiana, the Indiana Inspection Response form plays a pivotal role, guiding both parties through the post-inspection negotiations. This document, sanctioned by the Indiana Association of REALTORS®, outlines a structured mechanism for dealing with the outcomes of property inspections. Buyers have several options according to the form: they can waive the right to any further inspections, accepting the property as is; agree to proceed based on the inspection report's findings; demand repairs or corrections by the seller prior to finalizing the purchase; or specify other conditions or terms not covered in the standard options. After inspection, the response details how the seller can agree to make repairs, decline to make them, or propose alternative solutions, setting a timeline for these actions. A crucial aspect includes a clause wherein failure by either party to respond within stipulated times can be interpreted as agreement to the other's terms, emphasizing the importance of timely communication. Moreover, the document protects sellers and real estate professionals from future liability concerning disclosed defects, once the buyer has accepted the property's condition, stipulating a significant release that covers attorney's fees and costs related to any issues arising from inspections, including but not limited to environmental hazards like lead-based paint, radon, and mold. This robust document thus functions as a critical navigational tool in real estate transactions, ensuring a degree of fairness and clarity in the often complex process of property inspection and response.

QuestionAnswer
Form NameIndiana Inspection Response Form
Form Length2 pages
Fillable?No
Fillable fields0
Avg. time to fill out30 sec
Other namessellers inspection response, buyers response to home inspection form, indiana response form, indiana blank inspection response form

Form Preview Example

INDEPENDENT INSPECTION RESPONSE

BUYER'S INSPECTION RESPONSE #

1Date:

2Property Address:

3

4

5 A. Buyer agrees to: (Initial one)

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71. Waive inspection(s) and rely upon the condition of the Property based upon Buyer's own examination.

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92. Accept the Property in the condition reported in the Inspection Report(s).

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3.

 

Accept the Property provided Seller corrects the following condition(s):

 

 

 

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on or before

 

 

 

 

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Buyer shall have the right to inspect and accept Seller's repairs ■ prior to closing or ■ within

 

days

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.

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4.

 

Other:

 

 

 

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28■ A complete copy ■ Appropriate pages of the Inspection Report is/are attached (including lead-based paint,

29mold and other biological contaminants and/or radon, if applicable).

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B. If a Response is required, the Seller shall respond on or before

 

■ A.M.

32

■ P.M. ■ Noon

 

. IF SELLER FAILS TO RESPOND, OR FAILS TO REQUEST

33IN WRITINGAN EXTENSION OF TIME TO RESPOND, SELLERACCEPTS BUYER’S INSPECTION RESPONSE

34ABOVE.

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36NOTE: A timely request for extension is not an acceptance of the inspection response, whether or not

37granted. A reasonable time period to respond is required to prevent misuse of this acceptance provision.

38Factors considered in determining reasonable time periods include, but are not limited to, availability of

39responding party to respond, type and expense of repairs requested and the need of responding party to

40obtain additional opinions to formulate a response.

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42C. After compliance with selected item above, the Buyer releases and holds harmless the Seller, all Brokers,

43their companies and sales associates from any and all liability, including attorney's fees and costs, arising

44out of or related to any inspection, inspection result, repair, disclosed defect or deficiency affecting the

45Property, including but not limited to lead-based paint, radon, mold and other biological contaminants. This

46release shall survive the closing.

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BUYER'S SIGNATURE

DATE

 

BUYER'S SIGNATURE

DATE

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PRINTED

 

 

PRINTED

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Property Address)

 

 

 

 

 

 

 

Page 1 of 2 (Independent Inspection Response)

8310-1005 (1/09)

 

 

 

 

 

 

 

 

 

 

55SELLER'S INSPECTION RESPONSE #

56Date:

57Property Address:

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60A. Seller responds as follows: (Initial one)

621. Seller accepts Buyer's Inspection Response #

642. Seller agrees to correct condition(s) in item #3 ■ prior to closing the transaction or ■ within

65days

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673. Seller is unable or unwilling to make the corrections requested by Buyer.

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4.

 

 

Seller agrees to correct the following condition(s) at Seller's expense ■ prior to closing the

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transaction or ■ within

 

days

 

 

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5.

 

 

Other:

 

 

 

 

 

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B. If a Reply is required, the Buyer shall reply on or before

 

■ A.M. ■ P.M. ■ Noon

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. IF BUYER FAILS TO REPLYOR FAILS TO REQUEST IN WRITINGAN

81EXTENSION OF TIME TO REPLY, BUYERACCEPTS SELLER’S INSPECTION RESPONSEABOVE.

83NOTE: A timely request for extension is not an acceptance of the inspection response, whether or not

84granted. A reasonable time period to respond is required to prevent misuse of this acceptance provision.

85Factors considered in determining reasonable time periods include, but are not limited to, availability of

86responding party to respond, type and expense of repairs requested and the need of responding party to

87obtain additional opinions to formulate a response.

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SELLER'S SIGNATURE

DATE

SELLER'S SIGNATURE

DATE

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PRINTED

 

 

PRINTED

 

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95BUYER'S INSPECTION REPLY #

96A. Buyer replies as follows: (initial one)

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981. Buyer accepts Seller's Response.

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2.

 

SEE BUYER'S INSPECTION RESPONSE #

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3.

 

Other:

 

 

 

 

 

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105BUYER'S SIGNATURE

DATE

 

BUYER'S SIGNATURE

DATE

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108PRINTED

 

 

 

 

 

PRINTED

 

 

Approved by and restricted to use by members of the Indiana Association of REALTORS®, Inc.

This is a legally binding contract, if not understood seek legal advice. Form #17B. Copyright IAR 2009

(Property Address)

 

Page 2 of 2 (Independent Inspection Response)

8310-1005 (1/09)

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