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Reply to "Home inspection clause -- HELP! :("
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[quote=Anonymous]Hello! I am under contract with a home that is being sold as is. We have a home inspection clause, but because it is an as-is sale, the contract states that the "home inspections [are] for buyer information only". Does that mean we can't go back to the Seller and ask for a credit towards critical fixes? The home inspection has found some water damage, a failed boiler and water heater and minor termite damage. My agent says that if we were to ask the seller for credit, they will void the contract and go with another buyer. Is this possible, even if we just ASK for credit? My understanding from the home inspection clause is that they can void the contract after 3 days of receipt of our credit-asking, but that we have those 3 days to backtrack and accept the original offer. From the Home inspection Clause, the seller may (upon receipt of the Home Inspection Notice): [i]" (iii) Deliver Notice that this Contract will become void at 9pm on the 3rd Day following Delivery,[b] unless the recipient delivers to the other party Notice of the acceptance of the last Delivered offer prior to that date and time, in which case the Contract will remain in full force and effect.[/b]"[/i] Anyone have any idea? The bold part is what confuses me -- what does that mean? My agent has been a bit rude throughout the process, so I can't tell if his threatening us that the seller will void the contract is just his way of making sure he gets his commission quickly. Thank you! [/quote]
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