Q: Continuation of inspection
My husband and I are first home buyers and the first house we finally put an offer in on a house. We gave earnest money and didn't ask for closing cost as recommended by our agent because the seller supposedly had a another offer just come in as well. Fast forward we freak out about the cost of closing cost and get the inspection back and the house had major repairs that need to be done and our realtor suggests against asking for too many items to be fixed. The seller agrees to fix some but not all of our requests so we rejected what they offered and sent them the mutual release of earnest money. Two days later we received a continuation of inspection. At this point we don't understand what is going on because we assumed we had terminated the contract. They signed part F to agree to our original terms but at this point we have already moved on. Are we still in this contract even though we sent a rejection and sent the mutual release?
A: You should have an attorney review the contract. Without seeing the contract, I have no idea whether you complied with the termination requirements.
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