A buyer client is on day four of their 10-day termination-option period. We sent a copy of the inspection report to the listing agent along with an amendment for repairs, but the listing agent told us that their client refuses to open the report or negotiate for any repairs. What can the buyer do?

1 minuteread
  • Home
  • /
  • Knowledgebase
  • /
  • Advertising
  • /
  • A buyer client is on day four of their 10-day termination-option period. We sent a copy of the inspection report to the listing agent along with an amendment for repairs, but the listing agent told us that their client refuses to open the report or negotiate for any repairs. What can the buyer do?

If the buyer is not satisfied with the information in the inspection report or cannot get the seller to agree to requested repairs, the buyer can exercise his right to terminate the contract before his option period ends.

A broker or seller who receives an inspection report is charged with knowledge of the information in the report even if the broker or seller does not open the report. While sellers and listing agents should review inspection reports they receive on the property, a buyer or buyer’s representative can’t force them to review the reports. There is also no requirement that sellers agree to or even consider amendments requiring the seller to perform repairs to the property.

Source: TAR

X
Welcome to Realty Nation
wpChatIcon
Scroll to Top