Home Selling in Virginia>Question Details

Lance, Home Buyer in Chantilly, VA

Can a buyer back out of a contract because they do not like how the house is heated?After the home inspection

Asked by Lance, Chantilly, VA Sun Feb 17, 2008

We signed a contract with a buyer and they now want to back out of the contract because they do not like the heating system in the the house. A home inspection was conducted and the buyers do not like the heating system. In the contract we agreed to pay up to 1% of anything that needed to be fixed. I guess their were more problems but will not disclose them to us. Can they still walk away without giving us the option to fix the other problems?
Lance

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Answers

4
Yes...sorry...but they can back out without giving you any reason. While they won't give you the option to fix...perhaps they will give you a copy of the inspection.

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0 votes Thank Flag Link Wed Aug 3, 2011
Look at the contract. If it is a standard contract written by NVAR, there is a line that says they can get out merely by offering "Notice to Seller" so they don't even have to give a reason, nor do they have to give you a chance to fix the problem.
0 votes Thank Flag Link Mon Jul 28, 2008
Lance
Contingencies, including the physical inspection, give buyers many ways to cancel. The key is to make sure you learn the real reason if possible. I can tell you that if a property has electric zonal heat and they could buy the same basic home with natural gas...they would probably cancel.

However, the real issue is if there is any other reason (relating to the property). If there is be aware of if. It may affect your sales strategy.

Keith
0 votes Thank Flag Link Sun Feb 17, 2008
Keith Sorem, Real Estate Pro in Glendale, CA
MVP'08
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It depends on how the contract is written, but yes they probably can.
0 votes Thank Flag Link Sun Feb 17, 2008
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