Of course we are seeking legal advise. Not that I don't trust strangers on teh internet or anything.
Thanks for the advice and perspectives. Not sure what we are going to do just yet. We will see what my wife learns from the attorney.
Just going by your question, you are intittled to see a copy of the inspection if the agreement of sale states that. Is the real estate company holding the escrow money? I would simply tell the other party to refer to the contract where its states that they have to provide propper paperwork.
I know this isn't fair, isn't right etc. I am sorry that it has happened to you, truly. It's my industry and I wish it were better.
Is it worth it to me to find out? If we let it go what's to stop them from doing it to the next person.
I'm not sure why this process has to be so contentious. We were working in good faith with these buyers, gave them long contingency periods and made other concessions thinking that a Real Estate transaction could go down without anyone trying to "out-maneuver" the other.
I'm sorry to hear that your deal is falling apart. Please let me know if I can help.
All inspections conducted by the Buyer are the property of the Buyer. You can request a copy, but once given one, you must disclose all findings to prospective future buyers. If you fear structural damage, seek advice from an engineer working for you, not your buyer.
The PA Standard Agreement of Sale details the specifics of the Inspection Contingency in paragraphs 10 & 11, particularly 11 (A) 5. But the short answer is no. As long as the Buyer terminates within the time period specified in the inspection contingency, the full deposit should be refunded with no questions asked regardless of the documentation buyer does or doesn't provide.
Hannah Angert, RealtorÂ®
PA License RS-295442
William Festa Realty
3001 S. Sydenham St.
Philadelphia, PA 19145
Thank you for reading.
Tom Woods, Associate Broker
CENTURY 21 Alliance