From the advice of one of our preferred Attorneys, Mr. Chris Combs of Combs, Gottlieb & MacQueen, P.C.:
Buyer Can Waive If Seller Refuses Home Inspection
Question: We signed a purchase contract with the seller to buy a Glendale home for $450,000, and then deposited $10,000 earnest money with the escrow company. We were very excited, because not only were we having difficulty purchasing any home, this home was probably worth at least $500,000. Three days later our Realtor tried to schedule our 10-day inspection, but the seller’s agent said that the sellers were very unhappy about the $450,000 purchase price, and that unless we raised the purchase price to $480,000, they would not allow us to do the 10-day inspection. Our real estate agent said that the seller is in breach of the AAR Purchase Contract, and that we can go to court and the court will order a 10-day inspection. Otherwise, our real estate sales agent says that, unless we agree to pay the seller’s “new” purchase price of $480,000, we should just cancel the AAR Purchase Contract and get our $10,000 earnest money back. We don’t want to buy a “pig-in-a-poke” without a home inspection, e.g., the home could be full of termites. We still, however, want the home. What can we do?
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Chris Combs On Buyer Waiving If Seller Refuses Home Inspection
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