Quote:
Originally Posted by kwtoman
Need some advice after the inspector got done today. The property we are purchasing had some issues which the inspector identified. On whom does the responsibility fall for the repairs? There are some smaller items, hardly worth noting, but nice to know about, then there are some safety and water issues that might be costly. Any advice is welcomed. Thanks.  |
Kwtoman... under normal circumstances (I say normal, assuming all agreements are written on standard form and all "conditions precedent" (like the inspection) are written to your benefit, then the wording of the "inspection clause" is what you rely on. Again, normally, this clause is loosely referred to as an "escape clause" which permits you to detail your dissatisfaction by documenting the inspection report and it's related deficiencies , requesting your deposit to be returned in full and walking away from the deal. At times , at this juncture, both parties often negotiate, whereby you give the Vendor a certain time to correct the deficiencies to your satisfaction at his cost,, failing this ,, again you request a return of your deposit and walk away. As a word of caution I suggest you engage a lawyer who can advise you in person. Many times it is best to walk away with your deposit, as the repairs may be substandard, additional deficiencies maybe lurking in the background, the deficiencies may be a caution as to the type of maintenance (or lack of, i.e. rental) and be just the tip of the iceburg. Specific deficiencies should be examined by an expert ( e.g. plumber, electrical engineer etc.),, don't always put 100% faith in a "Inspector" of homes. good luck,, there are many fish in the sea,, if you walk on this. Regards.