Frequently Asked Questions about Home Buying and Selling
Q. What happens if the home inspections reveal a serious problem?
A. Generally, if the home inspection reveal a serious problem, the buyer who has a properly drafted contract can get out of the contract. What usually happens, however, is that the cost of remedying the problem becomes an issue of negotiation. This is where the negotiating skills of the seller's sales associate can be critical in resolving the issue and keeping the home sale moving.
Good post. It is a good to have a good buyers agent who can explain this to the buyers when they write the contract to purchase.