The Real Estate Encyclopedia
What Happens If The Seller And Buyer Cannot Agree On The Repairs Identified By The Inspection Report?
Category - Home Selling Questions - Selling Disclosure & Inspections FAQ's

Most of the time, a motivated seller and a motivated buyer will reach an agreement on the repairs the Seller will complete.  As with all negotiations, there are times when the parties may not be as motivated and no agreement is reached.  This could occur if the home is in a popular location and there are back-up contracts in place or if the buyer gets cold feet and wants to terminate the agreement.  In this case, the buyer has the right to terminate the contract by informing the seller in writing. The buyer is then entitled to a full refund of his/her Earnest Money.  In most states, the inspection only entitles the buyer to ask for repairs related to health hazards or safety issues, as well as infractions on present code requirements but not to ask for cosmetic changes.  As with any sale, all issues are open for negotiation. The negotiation is, typically, driven by buyer and seller motivation. 

Home Selling Questions - Selling Disclosure & Inspections FAQ's
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