4726 FAIRWOOD LANE, CHATTANOOGA, TN

Turnkey process as follows:

• Review property report and scope of work.
• Buyer signing of Statement of Work Agreement and Purchase Contract, agreeing to terms, including SOW, timeline for completion, price, and Black Swan document (included as part of the purchase contract.
• Buyer agrees to begin their loan and insurance work upon execution of contracts without delay, along with lining up the appraisal for the date the home is ready to be inspected. If buying with cash, proof of funds is to be provided to Property Rush. 
• Upon execution of contracts, Property Rush will make introductions to the Title company handling the closing. Buyer agrees to promptly deposit earnest money unless it was already deposited with a reservation agreement. Buyer also agrees to cooperate with Title and provide their lender contact information to Title within 24 hours of opening escrow. 
• Property Rush will introduce the Buyer to their Property Manager, and Buyer agrees to a 15-minute phone call with the Property Manager to review the Property Rush Management Process.  

Special terms and conditions

1. The Statement of Work attached in Exhibit A is an estimate of work to be performed. 
2. Both parties, understand and agree that the SOW can change as construction begins and property conditions are discovered. All repairs as outlined will be attempted, as needed, to provide a quality finished product. Any items deemed “not required” may be eliminated from the SOW, with all copies of change orders being provided to the Buyer prior to close of escrow. 
3. Changes to the SOW does not change the purchase price or contract terms. If additional work is needed outside the SOW estimate attached in Exhibit A, both parties will review the cost and determine how to proceed. If adjustments need to be made to the purchase price, both parties must agree in writing to any contract changes, including, but not limited to, purchase price and close of escrow date. 
4. In the event that Seller is unable to procure or purchase the materials called for in the SOW due to shortages, work stoppage, manufacturer’s delays and other like causes, Seller may substitute other and different materials in the place thereof and Buyer hereby expressly agrees to accept such substitution if said substitutions are reasonable and of comparable quality. 
5. In the event that the Residence shall not be fully completed on or before closing, the same shall not be deemed an objection to closing provided the lending institution is willing to close and fund the mortgage commitment. If any items or work or supply of materials are then incomplete, Seller agrees to give and the Buyer agrees to accept a written statement setting forth the items that need completion or repair (“Punch List”). Seller shall further provide a statement setting forth the date by which the Punch List is to be completed. The Punch List and written statement shall survive the delivery of the deed.
6. Buyers are required to have a home inspection and sewer scope conducted prior to closing. The cost will be incurred by the Buyer.
7. Any items found during the inspection and/or sewer scope that are outside the scope of work agreed upon will be up to the Buyer to decide if they want to have done at their own expense. Property Rush is willing to coordinate and arrange the work, however, the cost will be incurred by the Buyer. 
8. By signing this agreement, the Buyer represents that they understand the property is being purchased “AS-IS” and understands Seller has disclosed everything currently known about the property. The Buyer understands that there will most likely be issues Seller cannot foresee that will occur and Seller is not liable for those repairs. 

Warranties and Guarantees