Quote:
Originally Posted by vintageogauge
They stated the inspection found "MAJOR PROBLEMS" including the roof. I would guess that major problems would qualify.
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It depends on what is a major problem. Typically, the seller has the right to correct some defects under the inspection clause. The buyer doesn't always have the right to cancel the contract. One problem with the inspection clause is that the correctable defects are usually defined as a percentage of the sales price, which is highly subjective.
The age of the roof and the insurability of the house are things that the buyer could have easily determined before signing the sales contract. I doubt that the inspection clause can be used to cancel the contract for that reason.