2006-10-28 05:19:41 · 2 answers · asked by duncan m 1 in Business & Finance ➔ Renting & Real Estate
What do you mean by concluded missives? If you are selling a house and accept an offer from a buyer, the contract should state whether any home inspections are to be performed and whether a negative inspection gives the buyer the right to negotiate with you or terminate the contract. If you fail to remedy any issues, the buyer can back out and you can't do anything about it. Technically, you can hold the buyer's deposit, but they'll get it back one way or another, usually by filing a lein against your property.
2006-10-28 05:22:27 · answer #1 · answered by nido_tr3s 5 · 0⤊ 0⤋
You get to keep his ernest money unless he backed out for cause. some of the causes he could back out for include (1) you do not have a clear title to the house and have no right to sell it. (2) Any serious structual damages that you did not disclose.
2006-10-28 12:32:20 · answer #2 · answered by bettyswestbrook 4 · 0⤊ 0⤋