Lesson: read your contract.
How are you? Thank you for your online inquiry. In a typical real estate transaction, the buyer normally gets 15 days to do their home inspection and within the 15 day period, the buyer can either send a "Reply To Inspections Addendum" to request for any seller's assistance, credit for repairs or requesting for repairs to be made prior to settlement, or to re-negotiable the purchase price of the home, or the buyer could simply put in writing of a Termination notice to end the contract if the buyer no longer wishes to purchase the property.
The buyer is not obligated to submit a "Reply to Inspection Addendum". If the buyer went through the home inspection and are OK with everything and the buyer doesn't wish to re-negotiate the deal, then when the 15 day inspection contingency period has passed, the buyer is presumed to accept the property in its AS-IS condition and the deal moves on.
I don't believe the seller could end the contract because you are still purchasing the house regardless. You have done your due diligence and you are subject to continue on with the deal, unless after the 15 day inspection contingency period had passed and you and the seller agree to terminate the deal, then that'll be OK if both parties terminate in writing. For any further detailed legal advice, I would suggest speaking to an attorney.
Hope that helps!
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Phong Lam, CSM
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There is no obligation for the Buyer to submit a repair request list at all. If they wish to discuss home inspection issues they want the Seller to handle then they must notify the Seller/Sellers Agent in writing by the date stipulated in the contract, otherwise the Home Inspection contingency is deemed waived. In most states (my original license 27 years ago was in your immediate area, but no doubt the contracts have changed numerous times over the years) the Seller doesnâ€™t even need to respond if they donâ€™t plan on doing any repairs and if the Buyer does not cancel the contract upon not receiving a response in timeframe referenced in the contract then the contract stipulates that they have agreed to buy it â€œas-isâ€
Hope this helps.
Consult with your broker if the seller wants to get out of the contract at this point, and advise the seller to call a real estate attorney before he does this.
Both answers are correct.
I know that the buyer gives up their right to any repairs or corrections and accepts the condition of the home. I don't believe the seller can cancel for this reason but it sounds like they want out of the deal. They may keep trying with the other clauses