The inspection clause lets buyers assess a property's condition and hidden damages. A licensed inspector provides a detailed report. Sellers aren't obligated to repair; buyers may proceed, negotiate, or cancel based on the contract terms
Pre-construction property refers to a real estate project that is planned or under development. Buyers purchase these properties before or during the construction phase, often based on floor plans, renderings and model units provided by the developer
The standard commission in sales is 6%, paid by the seller and split between both agents. For rentals, it’s 10% of the annual contract. Buyers do not pay commission. Selling without an agent can result in 13% less profit for the owner.