The disclosure is in a separate section of the contract. What you are looking for is the inspection contingency clause. It allows you to hire an inspector at your expense and to present the defects that you want corrected to the seller. Then, the seller must correct them to eliminate the contingency. In some cases, if the defects are significant, the buyer can cancel the contract. But, some contracts are different than others. If your goal is to cancel the contract and to get your deposit refunded, do not sign the addendum.

Agent has another villa listing we would go after If this one fell through so I'm not sure what to think?

Asked. He said no we can't get refund

Not according to our RE AGENT. they are saying we must go through

This makes no sense. What does your contract say at the inspection section.

Was the inspection results contingent on your purchase? Check the wording on your contract. This is the exact reason to have an inspection. Hope things work out for you.

OP, you may want to call Frank D'Angelo, 352-250-7818, to see if he will take a look at the water damage and give you a second opinion about the severity of it. He is probably the best home inspector in The Villages. Did the home inspector take photos of the damage? If the damage is severe, you have every right to cancel the contract.

Another reason I would never use anyone except a state regulated mls agent. The RE agents work for the villages and don’t have to adhere to the same rules and laws. I had a nightmare with them. In this case though, demand your money back right away and don’t sign another thing!

I would ask for a meeting with the real estate agent's broker and tell them that you want to cancel the contract. Usually, the broker wants satisfied buyers, and will not force a sale with an unhappy buyer. You can also tell them that you plan to file a complaint with the real estate licensing board at "myfloridalicense.com".

He said we won't get our money back

Why are you asking us? Don't you have an agent or attorney? If yes, ask them!!!

It is not his decision to make. The deposit money is in an escrow account and it cannot be released or forfeited by the agent alone. I would talk directly with the broker who the agent works for. Brokers do not want dissatisfied buyers.

Very few buyers have an agent or attorney to represent their interests. It sounds like the agent is representing the seller and is being overly aggressive in forcing a sale to an unwilling buyer. That is not the way agents should behave. That is why the broker needs to get involved.

Sounds like you want to cancel the transaction because the home failed the inspection contingency. There should be an addendum in your contract. Tell the agent your intention.... in writing. you'll get your money back. The leverage you have is until this is cancelled the seller has to disclose to any buyer the home has a contingent offer that the seller has accepted. You'll get your money back....

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Ask a bunch of bored retirees for real estate advice, you will get what you deserve.

Your realtor will guide you.