Welcome to 2005!! In kicking off this New Year, we wish each of you success, and if we can be of service - please do not hesitate to call. During the first few weeks of 2005, I thought it would be a good opportunity to examine the differences or similarities between the standard FAR Purchase Agreement and the FAR/BAR Purchase Agreement, specifically as they relate to the the Inspection process. PLEASE REMEMBER - these observations are my my opinion and ARE NOT INTENDED AS LEGAL ADVICE. With the obligatory disclaimer out of the way...

True or False? There is no difference between the FAR and FAR/BAR definitions as the contracts relate to inspections and warranted items.

FALSE - There are several significant differences between the FAR and FAR/BAR real estate contracts. During the next few weeks we'll investigate a few of the key differences that effect the home inspection process.

Stormy McBride at Markham Real Estate