Talk of The Villages Florida - View Single Post - Return of Ernest Money
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Old 01-06-2025, 08:30 AM
retiredguy123 retiredguy123 is online now
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Quote:
Originally Posted by McClendons View Post
In Florida, most realtors consider that the inspection clause allows a potential buyer to back FOR ANY REASON during the inspection period. I just went through it selling a house in St Pete Beach (before hurricane), and two buyers backed out with any inspection being done. One was surprised at insurance costs, the second was a scumbag that literally "just changed his mind after 7 days". While the standard Florida clause say different, the realtor agency would not support me in either case saying the clause did not apply since no inspection was done.

I strongly believe I could have fought in court, but of course that cost money and time. There is no doubt you should get your money back given legitimate inspection findings, but the most honorable thing to do is offer the seller an opportunity to repair issues (new roof etc). Insurance is not an excuse IMHO, roof issues if real are.
I would just add that the listing price was probably based on a house with an old roof. The buyer is not entitled to a new roof. An old roof is not an inspection defect.