Do I have to turn over the inspection report that I paid for!!?

Missti4u
Home Buyer
Grants Pass, OR

As a buyer I had to pay $350.00 for an inspection to find out that it will cost more in repairs then the
property is worth. Of course, based on the inspection I canceled the deal. Prior to the offer being made there were a lot of problems with my agent and the seller, I won't go into all that but there were problems. Now my agent is threatening me to give a copy of the inspection to the buyer asap. She (my agent) stated that the inspection addendum I signed stated that I have to give a copy to the buyer if requested in writing. My question is....the addendum doesn't say that I have to turn over a copy free of charge so can I charge the buyer for half the cost of the report?

Answers (1)
Thesa Chambers,...
Agent
97707
FIRST ANSWER

The answer is in your contract - this is an copied and pasted for the standard Earnest Money Agreement in Oregon.

Unless a written and signed modification is reached, at any time during the inspection Period, Se Buyer may notify Seller or Listing Licensee, in writing, of Buyer's unconditional disapproval of the Property based on any inspection report(s), in which case all earnest money deposits shall be promptly refunded and this transaction shall be terminated. Buyer shall promptly provide a copy of all reports to Seller only if requested by Seller. (in bold) If buyer fails to provide Seller or Listing Licensee with written unconditional disapproval of any inspection report(s) by Midnight of the final day of the Inspection Period, Buyer shall be deemed to have accepted the condition of the Property.

This is what the standard contract says - this does not mean that is how your transaction is written - you need to read your own contract - but this is the standard form we use in Oregon.

Thu May 21 2009, 20:56

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