WASHINGTON, D.C. – November 18, 2013 – (RealEstateRama) — Beginning in January 2012, NVAR and the Greater Capital Area Association of Realtors® adopted a revised Regional Sales Contract that began with the basic premise that every home was being sold AS-IS, subject to any repairs or remedies requested as the result of a home inspection to be conducted after ratification by the purchaser. The seller no longer warrants that basic systems and appliances are in normal working order. As a result, it’s important that a home inspection take place, and it is critical that deficiencies that are material to the purchaser be addressed before the Home Inspection Contingency is released
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