A buyer submitted the Buyer’s Inspection Notice and Seller’s Response (BINSR) to the seller on day 7 of a 10-day inspection period asking for the seller to correct several items. The next day the buyer decided that they wanted to cancel instead. Can the buyer rescind their original BINSR and send over a cancellation since they still have additional days left in their inspection period?

A: No, the buyer only has the opportunity to provide a single notice with the BINSR. Once it has been delivered to the other party it cannot be rescinded. If the seller does not agree to correct all the items disapproved, then the...

Q: I have a buyer interested in submitting an offer on a duplex that is occupied by tenants that will remain after close of escrow. My buyer is fine with this as he is purchasing it as an investment property. What do I need to include in my offer to address this?

The Residential Income Property Addendum should be incorporated into the offer anytime you are working with a property where a tenant will be remaining after close of escrow. This addendum calls for the seller to supply an additional disclosure statement specific to...