Purchase and sale / closing weirdness (Washington State)

Hi r/RealEstate,

My wife and I are about to close on an investment property in north Washington state, and there’s two things that popped out to me that have raised an eyebrow. My realtor has been great and I don’t suspect anything unethical has occurred on his end, but I’m looking for a second opinion.

Question 1: My purchase and sale agreement has this provision:

4). INSPECTION REPORT. Buyer shall not provide the inspection report, or portions of the report, to Seller, unless Seller requests otherwise or as required by Paragraph 5.

a). If Buyer provides any portion of the inspection report to Seller without Seller’s prior written consent or as required by Paragraph 5, the inspection contingency shall conclusively be deemed waived.

Can someone explain to me the logic of binding us to keep mum about the inspection report or else it waives the whole damn thing? My realtor hates this provision and says it’s included in Washington, and it seems like an attempt to just be needlessly ridiculous for the sake of being ridiculous?

Question 2: After the inspection, there’s some odds and ends that need to be done to the house, and the fridge recently broke, which was part of the included equipment. We’re asking for a credit of $5,000. My realtor is pushing really hard to have that credit apply to the closing costs. But that’s useless to me – saving $7/mo on the mortgage doesn’t get me anything, I need that money to repair various items around the house and replace the fridge. My realtor says lenders and title companies are super resistant to having a credit be given back in the form of a check. My mom is a real estate agent in MA and SC, and says credits are given all the time without issue. WTH is up with this?

Does anyone with experience in Washington State real estate have any insight on this?

Thanks in advance!

CWM

submitted by /u/CWMacPherson
[link] [comments]

Hi r/RealEstate, My wife and I are about to close on an investment property in north Washington state, and there’s two things that popped out to me that have raised an eyebrow. My realtor has been great and I don’t suspect anything unethical has occurred on his end, but I’m looking for a second opinion. Question 1: My purchase and sale agreement has this provision: 4). INSPECTION REPORT. Buyer shall not provide the inspection report, or portions of the report, to Seller, unless Seller requests otherwise or as required by Paragraph 5. a). If Buyer provides any portion of the inspection report to Seller without Seller’s prior written consent or as required by Paragraph 5, the inspection contingency shall conclusively be deemed waived. Can someone explain to me the logic of binding us to keep mum about the inspection report or else it waives the whole damn thing? My realtor hates this provision and says it’s included in Washington, and it seems like an attempt to just be needlessly ridiculous for the sake of being ridiculous? Question 2: After the inspection, there’s some odds and ends that need to be done to the house, and the fridge recently broke, which was part of the included equipment. We’re asking for a credit of $5,000. My realtor is pushing really hard to have that credit apply to the closing costs. But that’s useless to me – saving $7/mo on the mortgage doesn’t get me anything, I need that money to repair various items around the house and replace the fridge. My realtor says lenders and title companies are super resistant to having a credit be given back in the form of a check. My mom is a real estate agent in MA and SC, and says credits are given all the time without issue. WTH is up with this? Does anyone with experience in Washington State real estate have any insight on this? Thanks in advance! CWM submitted by /u/CWMacPherson [link] [comments]

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