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Reply to "Home inspection clause -- HELP! :("
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[quote=Anonymous]OP, this is how our realtor described the effect of the as-is clause: A lot of people in this market are using general inspection contingencies, which are inspections for informational purposes only. You can walk away if you don't like what you find, but you don't have any right to ask for credit repairs. However, even if you use the general inspection, the buyer is required to fix "property condition items" that are not in normal working order -- these include heating, cooling, electrical, plumbing, and appliances. They also have to deal with the termite issue if the termite inspection uncovers a problem. If you do an as-is clause, as you did, you are waiving the right to have the seller fix property condition items as well as termite items. You can still walk away, but the sellers have zero obligation to make any repairs. How long was the house on the market? Did you win it in a multiple-offer situation? If the answers to these questions are "not long" and "yes," then I would not ask the seller for any repairs unless you are prepared for them to walk away from the contract, because they may feel that there is ample market out there for them to get another buyer and not have to deal with you. [/quote]
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