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The Michigan Association of Realtors issued a new release forms for buyers in multiple offer situations.
From MAR…
In today’s uniquely competitive market, buyers are using a number of different strategies in an effort to make their offer stand out against all others. We have developed a form designed to help Realtors® educate and ensure that clients are making informed decisions. Specifically, the new form allows the Buyer to acknowledge and accept the risks associated with waiving an inspection, agreeing to a nonrefundable earnest money deposit and/or providing an appraisal guaranty.
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Thanks!
Craig