2006-09-12 13:16:31 · 12 answers · asked by Ken C 1 in Business & Finance ➔ Renting & Real Estate
Are you realy buying now?
http://www.breakingbubble.com/index.htm
2006-09-12 17:24:34 · answer #1 · answered by Anonymous · 0⤊ 0⤋
The Buyer can ALWAYS refuse to buy after an inspection. They can refuse to buy at ANY time. The real question is whether or not they can LEGALLY refuse to buy after an inspection. If the purchase contract has some type of language like "subject to inspection satisfactory to Buyer" then they may be covered. There should also be some type of time limit for the inspection, but that is not required.
If that type of language is NOT in the contract then you can sue the buyer for specific performance for not honoring the contract, but generally the only recourse will be to keep the buyer's deposit (depending, again, on how the contract is written).
2006-09-13 07:22:01 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Without looking at the offer that's a loaded question but the way our agency does it is that there are contingencies on the offer, or if you will; subject to clauses that stipulate what constitutes the ability of the buyer to withdraw from the purchase and terminate the offer One of those is certain results from an inspection. So I guess the answer is yes if it's in the contract and no if it is not in the contract. However the buyer and seller can do whatever their little hearts desire as long as they know their rights and consequences of their actions will be.
2006-09-12 13:25:44 · answer #3 · answered by newmexicorealestateforms 6 · 0⤊ 1⤋
Do you have a signed Purchase Agreement contract? If yes, what does it say or does it? Are you working with your own Realtor or not, if yes, ask them what the contract states. By inspection do you mean a building inspector or real estate home inspection or an appraiser? If the inspector discovers major difficulties with the property, you can usually get out of the contract. In some places, repairs are negotiated, and the contract is still valid. As a last resort, see an Attorney.
2006-09-12 13:23:04 · answer #4 · answered by jack w 6 · 0⤊ 0⤋
I bought a car from a dealership, That they inspected themselves, After i had the car for a few days I took the car to get it inspected,< i bought the car off of a man that was recommended by a friend "that i could trust them" anyway I tried and tried to get the dealer to honor his warranty but he kept refusing, In the state that I live in there is a Lemon Law for used cars, This car was beautiful freshly painted and was suppose to be loaded. After my warranty was up and the whole time i was trying to get the dealer to take it back and he refused, to make a long story short I got a lawyer and sued the dealer ony for the price of the car and all money I had to put into the car in the short time I had it. It was horrible. The lawyer took care of the problem in 2 weeks and the dealer settled out of court quickly. He did try to scare me with his lawyer but it didnt work, I wasnt going to be taking for a fool. My lawyer that I hired took a small percentage of what I got back so bascially I broke even and Im very happy about that. I didnt want a big lawsuit and money that wasnt due to me. All i wanted was a car that was dependable and safe. So definitly buyer beware, You can always take a car off a lot and have it inspected before you buy it!.. Any local service station will look the car over for you. And you can always do a carfax on it also. And always call the DMV in your area to find out what the NADA price is on the car you want to buy. They will tell you what the car is worth.. Never pay over the amount of what the NADA price is.. Always pay under it! I hope this helps. And it didnt cost me anything to hire my lawyer, but it did if we won the case, And we won!!!! The clincher to my story is the dealer inspected the care himself. needless to say I got the state inspector involved and he lost his inspection license for a year! < the dealer refused to tell me who inspected the car> I would have to say that a sales person will do or say anything to get you to buy from them. But never take their word for it, I will never buy another used car that I havent had checked out by a mechanic and inspected by someone that knows about cars. After the fact I had to get estimates done from 5 different places of how much it would of cost me to fix all the problems with the car, and each esitimate cost me! So time is running out so dont hesitate to take care of this problem.!!
2006-09-12 13:40:25 · answer #5 · answered by BonnieJ 4 · 0⤊ 0⤋
Contracts are usually drawn up with a pull-out clause based upon the results of the inspection.
2006-09-12 13:22:16 · answer #6 · answered by Anonymous · 0⤊ 0⤋
I Happen to be a licensed Home Inspector and it is our job to give you quality information about the Home,So that you can make a quality decision to buy or not to buy.You are not forced into buying after the inspection,But I would recommend paying for the inspection.Take Care.
2006-09-12 13:23:35 · answer #7 · answered by Anonymous · 0⤊ 0⤋
Yes if they are within their negotiated inspection period. 17 days is typical in California where I am from.
2006-09-12 17:38:24 · answer #8 · answered by monrovian21 2 · 0⤊ 0⤋
yes, thats what the inspection is for, a contingency clause
2006-09-12 13:18:58 · answer #9 · answered by Anonymous · 0⤊ 0⤋
Depends on how your contract is written. Sometimes yes, sometimes no.
2006-09-12 13:53:57 · answer #10 · answered by Karen R 3 · 0⤊ 1⤋