Final answer:
Yes, A salesperson can include property insurance and inspections by a qualified inspector in a real estate purchase agreement. Additionally, the buyer can benefit from using an Escrow service to manage home insurance and property taxes as part of the mortgage payment.
Step-by-step explanation:
Yes, a salesperson can include terms such as property insurance and a property inspection by a qualified home inspector in an agreement of purchase and sale. These are often standard contingencies that protect the interests of the buyer. The inclusion of these terms ensures that the buyer is able to secure insurance for the property and verify the condition of the property through a professional inspection before finalizing the purchase.
Additionally, incorporating an Escrow service can provide significant benefits. Money is deposited with a third party, which will take care of both home insurance and property taxes. This is usually set up so that the escrow payment is part of the buyer's normal monthly mortgage payment, simplifying the process and ensuring these critical expenses are paid on time.