Michigan Association of Realtors Hot Line Questions
The MAR Legal Hotline is operated six hours per day (9 a.m. to 3 p.m.), five days a week, Monday through Friday. This makes the MAR Legal Hotline available to members approximately 250 work days a year. Recognized holidays are excluded. If the Legal Hotline is busy, an answering machine will take your call. Calls are returned within 24 hours, usually during the same day.
The MAR Legal Hotline is staffed solely by a qualified attorney from the law firm of McClelland and Anderson, L.L.P. who can provide information on real estate law and related matters from a Michigan law firm. No paralegals or other types of administrative assistants are used.
I am going to be posting some of the questions called into the hotline for your information. There is a lot of really good information that is helpful for people buying and selling a home in the Ann Arbor area.
One party can neither change the terms of apurchase agreement nor terminate the agreement without the consent of all parties to the transaction.
Note… that the rules may be different when the proposed amendment relates to the removal of a contingency,depending on the wording of the contingency.
Suppose, for example,the purchase agreement providesthat if the buyer does not waive the inspection contingency in writing within 10 the purchase agreement shall be null and void.
On the 10th day,the buyer presents the seller with a proposed addendum in which the it asks the seller to agree to make certain repairs.
The seller may take the position that the purchase agreement is null and void, because the buyer did not waive the inspection contingency within the time frame set out in the purchase agreement.
Again,however, the effect of the buyer’s request that the seller make certain repairs depends on the wording of both the contingency and the proposed addendum and the timing of same.
Ann Arbor home buyers search