Get Buyer's Response To Home Inspection

If the inspection report reveals necessary repairs, then repair credits are usually a good option for both the buyer and the seller. Other options include asking the seller to make the repairs, asking them to lower the sales price, or backing out of the deal (if there's an inspection contingency in your contract).

A person is liable to perform agreed-to contract duties until or unless he or she is discharged. If the person fails to perform without being discharged, liability for damages arises.

The standard conditions provide that if the buyer fails to complete after a notice to complete has been served, the seller may rescind the contract, and, if the seller does so, it may forfeit and keep the deposit and accrued interest.

What happens if the seller doesn't respond to the repair addendum? While the time sellers have to respond to a repair request will vary depending on the actual contract, it's usually within a few days. At that time they can accept the addendum, make a counteroffer, or decline to make the repairs.

What happens if the seller doesn't respond to the repair addendum? While the time sellers have to respond to a repair request will vary depending on the actual contract, it's usually within a few days. At that time they can accept the addendum, make a counteroffer, or decline to make the repairs.

Buyer's response must be in writing. Upon Buyer's failure to respond to the Seller's response within the time specified, or Buyer electing in writing to terminate the agreement, the agreement shall automatically ,with no further action, required by either party be null and void except for return of the deposit.

Homebuyers saved an average of $14,000 on the final price of their home when they negotiated after the inspection, ing to a survey from real estate technology company Porch. So, if a home inspection report comes back less than satisfactory, it's in your best interest to negotiate.