Seller Default?

I placed an offer on a home on 03/01. The seller accepted the offer and we both signed the

Asked on March 9, 2017 under Real Estate Law, Texas

Answers:

SJZ, Member, New York Bar / FreeAdvice Contributing Attorney

Answered 3 years ago | Contributor

If you terminate due to the seller's nonresponse, you will not be able to get the inspection cost back, unless the contract itself provides that in the event of the seller's failure to address the issues or respond, they will reimburse you for the inspection cost. That is because each party bears--and therefore risks--it's own costs and expenses in a real estate transaction unless the contract specifically provides otherwise.

SJZ, Member, New York Bar / FreeAdvice Contributing Attorney

Answered 3 years ago | Contributor

If you terminate due to the seller's nonresponse, you will not be able to get the inspection cost back, unless the contract itself provides that in the event of the seller's failure to address the issues or respond, they will reimburse you for the inspection cost. That is because each party bears--and therefore risks--it's own costs and expenses in a real estate transaction unless the contract specifically provides otherwise.


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