Re: Orlando Sentinel Article re: TV's Siding Problems
Are buyers in TV supposed to assume that because a home is new an inspection is not necessary?
I don't get how inspections for new or pre-owned work in TV.
Can the buyer make the purchase contingent upon the results of the inspection?
I was given the impression that the seller had the right to fix any problems revealed by an inspection, but that a bad result could not kill a deal. If this is the case, then I guess it comes down to just what does "fix" mean?
I never did completely understand the role of the inspection in the deal. It seemed so different from contracts I have entered here where the buyer could build in contingencies that could kill the deal under certain inspection results. - major problems. Of course, at that point, the seller was left with disclosure.
I kept asking questions when I was in TV, and I kept hoping I was understanding the answers wrong. It seemed like signing a contract to purchase was a bit like signing to buy a pig in a poke. At that point, you could have all the inspections you wanted, but the seller had the right to "fix" things.
At the time, I had been reading about the ongoing siding problems, and I had concerns. Buying into aggravation was not part of our plan.
It was not the time for us to buy anyway so I put the issue on the back burner. But this thread has reminded me that I really need clarification. Can anybody explain the role of inspection results in buying in TV? I really don't get it.
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Pogo was right.
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