Seller Default?
Get Legal Help Today
Compare Quotes From Top Companies and Save
Secured with SHA-256 Encryption
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 7 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 7 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.
IMPORTANT NOTICE: The Answer(s) provided above are for general information only. The attorney providing the answer was not serving as the attorney for the person submitting the question or in any attorney-client relationship with such person. Laws may vary from state to state, and sometimes change. Tiny variations in the facts, or a fact not set forth in a question, often can change a legal outcome or an attorney's conclusion. Although AttorneyPages.com has verified the attorney was admitted to practice law in at least one jurisdiction, he or she may not be authorized to practice law in the jurisdiction referred to in the question, nor is he or she necessarily experienced in the area of the law involved. Unlike the information in the Answer(s) above, upon which you should NOT rely, for personal advice you can rely upon we suggest you retain an attorney to represent you.