Talk of The Villages Florida - View Single Post - Return of Ernest Money
Thread: Return of Ernest Money
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Old 01-06-2025, 02:51 PM
retiredguy123 retiredguy123 is offline
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Originally Posted by Bill14564 View Post
My 2018 contract was not an As-Is contract. The threshold in y contract was 1.5%. Below that must be repaired and above that the seller had the option to cancel the contract.
Interesting. In the contracts that I am familiar with, the seller had no obligation to make any repairs, but the buyer could cancel the contract if the seller chose to not make the repairs. If the repair costs exceeded the threshold, the buyer could cancel regardless.