Under the PAR Agreement of Sale, the seller is required to deliver the property in 'broom-clean' condition at settlement. During the walk-through, the buyer finds the property filled with the seller's old furniture and debris. What can the buyer do?
Correct Answer
B) Delay settlement and require the seller to remove all items and deliver the property in broom-clean condition
Under the PAR Agreement of Sale, the seller must deliver the property in broom-clean condition, which means free of debris and personal belongings. If the property is not in broom-clean condition at the walk-through, the buyer may delay settlement until the seller complies.
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In a Pennsylvania transaction, the buyer makes an offer with no contingencies (a 'clean offer'). What risk does the buyer assume by waiving all contingencies?
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