Quote:
Originally Posted by Heartnsoul
My husband and I put $10,000 down on a villa. The inspector found water damage which we want no part of. The RE agent tells us not to worry. We are. He sent me a addendum to contract to sign to add an additional 10 days to extend
The inspection period. If we don't sign, can we get our $10,000 back to move on and purchase another villa?
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Read your contract to learn your rights within your specified inspection period. Do not rely on what others say about the deposit return unless they have read your contract. Time is of the essence to act as the contract clock is ticking.
Others here are likely right about the agent with the extension. The agent is trying to keep the deal alive and motivated by a commission.