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#229612 - 05/30/08 05:15 AM Closing Form
RealEstateGuy Offline
Member

Registered: 02/06/06
Posts: 118
Loc: Oklahoma
I am looking for a "release of liability" form for buyers to sign at closing stating that they had the right to a final walk through and are accepting the property and releasing my company of any future liablity. Anyone have such a form that you would be willing to email me? Or, any leads where to find such a form?

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#229654 - 05/30/08 09:48 AM Re: Closing Form [Re: RealEstateGuy]
Bigtoe Offline
Veteran Member

Registered: 10/14/07
Posts: 1291
Loc: Outer Banks
I don't believe there is a form that will release you and your company from any future liability. You might be able to find a form containing language that says as much, but I don't see it holding up in court.
_________________________
Your Outer Banks real estate agent. Helping people buy and sell OBX real estate since 1989.

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#229667 - 05/30/08 10:32 AM Re: Closing Form [Re: Bigtoe]
super realtor Online   content
Major Contributor

Registered: 05/01/05
Posts: 8475
Loc: georgia
Doesn't your regular forms cover this??

If not just get an attorney to do an addendum that they sign.

We have a due diligence paragraph in our state forms that cover this. It spells out what we are and aren't and that it's on the buyer if they don't feel comfortable with something to not proceed.

The only time you are really going to pierce the disclaimer is with gross negligence.

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#229795 - 05/30/08 06:59 PM Re: Closing Form [Re: super realtor]
Mr. Foreclosure Offline
Major Contributor

Registered: 09/01/06
Posts: 2834
Loc: upstate New York
I have had, but don't know if I can now locate, a form that a buyer would sign which shows 3 options:
1) They decline the pre-closing walk through a waive any issues it might have revealed.

2) They have performed the pre-closing walk through and are satisfied that all is as it was when the contract was written.

3) They have performed the pre-closing walk through and call attention to the following items (followed by a blank in which they can describe any issuers they want to have addressed at closing).

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