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Kim
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Samantha
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Joined: 16 Sep 2005
Posts: 1609 Location: MASSACHUSETTS
150.97 Dollars($)
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jameshogg

Joined: 20 Dec 2005
Posts: 10148 Location: Nevada
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jveenstra
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Joined: 10 Nov 2008
Posts: 1256 Location: River Edge, New Jersey
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Posted: Wed Nov 04, 2009 10:38 am Post subject: Home Inspection
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You may "request" the seller to fix anything you feel like requesting. Usually this is done by your attorney sending a letter to the seller's attorney requesting that items be "fixed".
It then becomes a negotiation process. They agree to some or all or none of your requests. You agree or disagree. If they fix everything requested you are happy and done. If they balk or refuse, you have to decide what to do.
If your purchase contract states that you are buying the property subject to satisfactory home inspection, you have some negotiating power to require the seller to fix things. In this case, they agree or disagree. If they disagree, you can back out of buying the house, which, you probably do not want to do, but, that is your negotiating power. If they refuse, you fix yourself or back out.
If your purchase contract does note such a stipulation, you may not have much negotiating power to get the seller to fix things. _________________ John Veenstra, Sr Mortgage Consultant
Approved Funding Corp
Licensed NJ NY CT PA
201-833-0123x278
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