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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The inspection period is exactly meant for this purpose. You have options. In general, most realtors on the selling side honor the clause and do not forfeit your money if the inspection clause or financing clause are enforced.
Couple of things to consider.
1. What kind of damage? Cause of damage?
2. Do you love this villa so much you are willing to work through the seller fixing it and getting it reinspected.
Do you have someone representing you? If you need a real estate attorney to review your contract, I know many. Just let me know and I will give you their names.
Just proceed with logic, not emotion. You have options here.
Good luck!
Have a great day