Reply to If I had an a offer accepted without an inspection contingency

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I've done it before. Called an informational inspection. Nothing revealed in the inspection could be used to get out of the sale[/quote]

I can get out of the sale, they would just keep my deposit.[/quote]
That’s actually not true. Buyers often think it is but they sellers can tie you up legally and in theory you could be forced to close. We had buyers walk bc they found something else came on while they were under contract. We got a lawyer and it was a mess. We ended up letting them out but could have pursued it. This was in dc - maybe other states are different [/quote]

The contract specifically says their damages are limited to the deposit.[/quote]

You're wrong about that: : Buyer and Seller agree to perform at Settlement in accordance with the terms of this Contract and acknowledge that
failure to do so constitutes a breach hereof. If Buyer fails to complete Settlement for any reason other than Default by Seller, at the option of
Seller, the Deposit may be forfeited as liquidated damages (not as a penalty) in which event Buyer will be relieved from further liability to
Seller. If Seller does not elect to accept the Deposit as liquidated damages, the Deposit may not be the limit of Buyer's liability in the event of a
Default. If the Deposit is forfeited, or if there is an award of damages by a court or a compromise agreement between Seller and Buyer, Broker
may accept and Seller agrees to pay Broker one-half of the Deposit in lieu of the Broker's Fee, (provided Broker's share of any forfeited Deposit
will not exceed the amount due under the listing agreement).[/quote]

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