Quote:
Originally Posted by retiredguy123
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.
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The right to cancel gives the buyer the right to cancel for any reason.