Initial Conditions
(You can change these conditions)
| Conditions |
Current Value |
Can be changed During bidding? |
Value Range |
| Initial deposit | 1 % | Yes | 1 %-3 % |
| Amount of downpayment (including deposit) | 10 % | Yes | 0 %-100 % |
| First Loan | 80 % | Yes | 0 %-100 % |
| Second Loan | 10 % | Yes | 0 %-100 % |
| NOTE: downpayment % + 1st Loan% + 2nd Loan % = 100% | | No | |
| Loan Application Time | 7 days from acceptance | No | |
| Verif. of DownPayment and Closing Costs | 7 days from acceptance | No | |
| Loan Contingency | Yes | Yes | Yes/No |
| Loan Contingency Removal 17 days from Acceptance | Yes | Yes | Yes/No |
| Loan Contingency Removal at Funding | No | Yes | Yes/No |
| Appraisal Contingency | Yes | No | Yes/No |
| NOTE: The above two conditions are mutually exclusive | | No | |
| Appraisal Contingency Removal | 10 days from acceptance | No | |
| Buyer will Occupy | Yes | Yes | Yes/No |
| Close of Escrow | 4 weeks after acceptance | Yes | 0 weeks after acceptance-100 weeks after acceptance |
| Property to be delivered after Close of Escrow (COE) | 0 days from COE | Yes | 0 days from COE-1000 days from COE |
| Pest Inspection to be paid by | seller | Yes | seller/buyer |
| Natural Hazard Report to be paid by | seller | Yes | seller/buyer |
| Escrow and title to be paid by | buyer | No | seller/buyer |
| Home Inspection | buyer | Yes | seller/buyer |
| County Transfer Tax to be paid by | seller | No | seller/buyer |
| City Transfer Tax Paid by Seller | 50 % | Yes | 0 %-100 % |
| City Transfer Tax Paid by Buyer | 50 % | Yes | 0 %-100 % |
| NOTE: City Transfer Tax % paid: Seller% + Buyer% = 100% | | No | |
| Payment for smoke Detectors | seller | No | seller/buyer |
| Payment for water heater bracing | seller | No | seller/buyer |
| Home Warranty (max $400) | seller | Yes | seller/buyer |
| The purchase contingent on the sale of the Buyer's Property | No | No | Yes/No |
| Final Inspection | 5 days prior to COE | Yes | 0 days prior to COE-100 days prior to COE |
| Liguidated Damages (as in the CAR contract) | Initialed by both parties | No | |
| Dispute Resolution | Initialed by both parties | No | |
| Condition 1 defined by Buyer | None | Yes | |
| Condition 2 defined by Buyer | None | Yes | |
| Condition 3 defined by Buyer | None | Yes | |
| Condition 4 defined by Buyer | None | Yes | |
| Condition 5 defined by Buyer | None | Yes | |
| NOTE: If the item from the CAR purchase contract is not mentioned explicitly - please review the CAR contract - all default values and statements of the contract are in effect | | No | |
