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SVTPerformance's Chain of Restaurants
Road Side Pub
My house went on the market today...
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<blockquote data-quote="sleek98" data-source="post: 16767826" data-attributes="member: 144145"><p>They will get their earnest money back assuming they have an inspection clause in the contract.</p><p></p><p>If they forgot to check that box then they can just not show up to closing, however since their agent even asked for the reduction it makes me think they have the clause and you didn’t catch it.</p><p></p><p>Pull out your signed contract and read through the inspection period, around here we had 7-10 days to inspect and request repairs, unless specifically requested longer. Anything longer and the buyer lost the right to ask for repairs. Since it’s been more than 10 days make sure the contract even allows to to still ask. If they are over the time limit you might get to keep the earnest money if they don’t show up to closing.</p></blockquote><p></p>
[QUOTE="sleek98, post: 16767826, member: 144145"] They will get their earnest money back assuming they have an inspection clause in the contract. If they forgot to check that box then they can just not show up to closing, however since their agent even asked for the reduction it makes me think they have the clause and you didn’t catch it. Pull out your signed contract and read through the inspection period, around here we had 7-10 days to inspect and request repairs, unless specifically requested longer. Anything longer and the buyer lost the right to ask for repairs. Since it’s been more than 10 days make sure the contract even allows to to still ask. If they are over the time limit you might get to keep the earnest money if they don’t show up to closing. [/QUOTE]
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SVTPerformance's Chain of Restaurants
Road Side Pub
My house went on the market today...
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