@bgromicko1 - For the Buy Back Guarantee, I see that it is offered to sellers and is transferrable to the buyers, but could I get some clarification so I can explain it to our agents? I searched and I couldn’t seem to find a clear answer. My questions are:
When does it transfer over to the buyer? After close of escrow? When they go under contract? Or when the buyer has their inspection (by a different inspector likely)?
When does the 90 days start for the buyer when it is transferred to them?
Thanks in advance!
I believe all your question can be answer in the term and conditions of the buyback guarantee.
I did not see this info answered in the terms. If you see the answer there, I would be happy to know what it is
OK - I found the answer:
Is this good for pre-listing inspections?
A: Yes. And the Guarantee automatically transfers to the new buyer. The Guarantee goes with the home, not the occupant or owner so it is perfect for pre-listing inspections. And best of all, the 90 days starts at closing, not the day of the inspection. So there is no rush.
Hi, Jay. You may want to just check out https://www.nachi.org/buy-faq.htm and https://www.nachi.org/buy-re-pros.htm. And Martin is correct, visit the main page at https://www.nachi.org/buy.htm for other resources.