Q: Can i escape a real estate contract if the home inspection noted a structural flaw? What are the rules?
We signed a contract with a builder for an inventory home (new and never lived in); however our home inspection noted a structural flaw with the roof and flashing that cause water to leak down a wall. Concerned about this, we would like to know our options if we wanted to pull out of the deal. Thanks
A:
What does the contract say? Is it contingent on you doing an inspection and the repairs of any problems exceeding a certain amount?
Although new and never lived in homes should not have structural flaws. Have you discussed this with the seller/builder? The time to get him to fix these problems is now.
I think you need to see a real estate attorney.
Did you put down any earnest money?
A:
What does the contract say? Is it contingent on you doing an inspection and the repairs of any problems exceeding a certain amount?
Although new and never lived in homes should not have structural flaws. Have you discussed this with the seller/builder? The time to get him to fix these problems is now.
I think you need to see a real estate attorney.
Did you put down any earnest money?
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