Promulgated Contract Forms Answered Correctly!!

Paragraph 7D(1) indicates that the buyer: {Ans: Accepts the property As-Is}In order for a buyer to purchase a property using VA Guaranteed financing, the buyer must receive a(n) _____, which establishes the value of the property. {Ans: Certificate of Reasonable Value}Linda is the buyer's rep for Guy, who is inheriting some money and wants to buy a home. Guy's offer of $190,000 has been accepted, and the parties have agreed to allow Guy plenty of time to secure financing (20 days) since he has not yet received his inheritance money and his financing pre-approval is based on a sizable down payment (80% of property value). The deadline has passed and Guy has not yet secured financing. He claims he has not even tried yet because there has been a delay in receiving his inheritance, which he claims will be received in about a week. Guy states that he is not sure he still wants to buy the property. 1. Which of the following courses of action are not available to the seller? 2. If Guy quickly secures financing and learns he can buy a $180,000 property without the inheritance, which of the following is TRUE about renegotiating the