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 FAR/BAR 'As-Is' contract typically allows 15 days for inspections.
IF that period expires (past the 15 days) then you have a 'Cash Sale' (I.E You don't have any rights under the (expired) inspection clause any more.
-What to do?
Find out who has your deposit
Go there right now with written notice that you are withdrawing from the sale (No explanation included!!!!.
Demand a written response.
Then they will have to deal with the State Of Florida is they don't comply.
Hope this helps
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