|
|
#373012 - 04/18/11 06:28 AM
Buyer wants to walk out at the inspection. House has no problem.
|
Member
Registered: 03/09/11
Posts: 70
Loc: Virginia
|
Buyer wants to cancel the contract because he didn't like the way house was situated, the entrance facing north rather than south.
Client's house in in Northern Virginia and home inspection is a contingency.
Can he just walk away?
|
|
Top
|
|
|
|
#373016 - 04/18/11 07:18 AM
Re: Buyer wants to walk out at the inspection. House has no problem.
[Re: pro]
|
Veteran Member
Registered: 01/19/06
Posts: 994
Loc: New Jersey
|
Buyer wants to cancel the contract because he didn't like the way house was situated, the entrance facing north rather than south.
Client's house in in Northern Virginia and home inspection is a contingency.
Can he just walk away? Basically, yes. If he want out, he will find a reason, and the deal is dead.
|
|
Top
|
|
|
|
#373017 - 04/18/11 07:20 AM
Re: Buyer wants to walk out at the inspection. House has no problem.
[Re: pro]
|
Major Contributor
Registered: 04/12/08
Posts: 4726
Loc: Vermont's North-East Kingdom
|
Or he could apply for 17 Credit Cards and find a way to wiggle out that way.
Buyer's remorse ! Let's hope he outgrows it quickly.
_________________________
Dale C. Hittle of GOLDEN RULE PROPERTIES in Glover, Vermont Where We're Always Striving To Put Together "THE FAIR DEAL"
|
|
Top
|
|
|
|
#373018 - 04/18/11 07:22 AM
Re: Buyer wants to walk out at the inspection. House has no problem.
[Re: navarac]
|
Member
Registered: 03/09/11
Posts: 70
Loc: Virginia
|
Does Northern Virginia contract require a certified/licensed home inspector or anyone with knowledge can perform one and present the inspection results to the seller and demand or help buyer walk out?
|
|
Top
|
|
|
|
#373021 - 04/18/11 07:33 AM
Re: Buyer wants to walk out at the inspection. House has no problem.
[Re: pro]
|
Major Contributor
Registered: 01/26/09
Posts: 2961
Loc: Old Dominion
|
Buyer wants to cancel the contract because he didn't like the way house was situated, the entrance facing north rather than south.
Client's house in in Northern Virginia and home inspection is a contingency.
Can he just walk away? He should have brought his compass to the showing. The HI is reserved for issues that a layperson could not be expected to note during a routine showing. However, suing for specific performance is a rarity in my experience. You could hold on to the EMd for a few weeks and try and press the issue, but in the end he will get out if he wants out. I imagine he can use his HOA packet as an excuse, since this is VA. Do what Perky said---talk your broker.
_________________________
Trust your Maker. Watch your manager.
|
|
Top
|
|
|
|
#373042 - 04/18/11 10:41 AM
Re: Buyer wants to walk out at the inspection. House has no problem.
[Re: Kjmendy]
|
Veteran Member
Registered: 06/14/06
Posts: 607
Loc: Atlanta GA
|
It totally depends on the wording of your inspection contingency. In GA you can cancel for any reason. You should really know the answer to questions like this before you write offers. Time to go back to school!!!!
|
|
Top
|
|
|
|
#373070 - 04/18/11 05:48 PM
Re: Buyer wants to walk out at the inspection. House has no problem.
[Re: pro]
|
Major Contributor
Registered: 01/18/05
Posts: 1525
Loc: Ohio
|
Buyer wants to cancel the contract because he didn't like the way house was situated, the entrance facing north rather than south.
Client's house in in Northern Virginia and home inspection is a contingency.
Can he just walk away? Absolutely a buyer can choose to back out of a contract. Depending on how the PA is written, what with inspection contingencies, financing contingencies, etc, the buyer may lose any EM as well as any deposit money put down. However, no one, like a judge, would is going to hold a gun to a buyer's head and force them to buy a house they do not wish to reside in any longer. ***I am not a lawyer, nor do I play one on; TV, Radio, YouTube, any SmartPhone Apps, F/B, Twitter or anyplace else for that matter. This is not legal advice.***
|
|
Top
|
|
|
|
#373092 - 04/18/11 10:17 PM
Re: Buyer wants to walk out at the inspection. House has no problem.
[Re: pro]
|
Member
Registered: 10/02/09
Posts: 207
Loc: Salt Lake City, UT
|
Hey I have a novel idea! Why don't you find the buyer, YOUR CLIENT, the house he/she wants instead of trying to find a way to strong arm them into buying one they don't want.
In Utah you can cancel for any reason during the Due Diligence period. Check with your broker on your state contract then go out there and preview every house like that one but is facing west or south. Call the client tell them you think you may have found them their house and to be there right after work today.
Remember your job. It's to represent the client and find them what they want - not to sell someone else's listing. Buyers make mistakes - they were probably told the snow will never melt or something - who cares - find the their house.
|
|
Top
|
|
|
|
#373094 - 04/18/11 10:26 PM
Re: Buyer wants to walk out at the inspection. House has no problem.
[Re: Home Seller Guru]
|
Major Contributor
Registered: 01/26/09
Posts: 2961
Loc: Old Dominion
|
Hey I have a novel idea! Why don't you find the buyer, YOUR CLIENT, the house he/she wants instead of trying to find a way to strong arm them into buying one they don't want.
At that point they could enter into a another purchase contract and keep everyone on edge as they consume more precious time and resources of the involved parties. Just make sure they pay attention to where the flipping sun is this time. Minor details.
_________________________
Trust your Maker. Watch your manager.
|
|
Top
|
|
|
|
#373104 - 04/19/11 06:25 AM
Re: Buyer wants to walk out at the inspection. House has no problem.
[Re: pro]
|
Member
Registered: 12/27/07
Posts: 410
Loc: Virginia
|
Read your home inspection addendum, they can give notice to void the contract if you are using the NVAR form.
_________________________
Reneé
|
|
Top
|
|
|
|
#373106 - 04/19/11 06:28 AM
Re: Buyer wants to walk out at the inspection. House has no problem.
[Re: MontyC21]
|
Mod Squad
Major Contributor
Registered: 11/27/06
Posts: 7685
Loc: PA
|
Hey I have a novel idea! Why don't you find the buyer, YOUR CLIENT, the house he/she wants instead of trying to find a way to strong arm them into buying one they don't want. First off, how do you know this guy works for the buyer? Maybe he's the seller's agent here asking a question. Second off, how do you know that's what he's trying to do if he DOES work for the buyer? Maybe he's trying to figure out the repercussions on behalf of his client if his client walks away. Sheesh. Judgmental much?
|
|
Top
|
|
|
|
#373107 - 04/19/11 06:31 AM
Re: Buyer wants to walk out at the inspection. House has no problem.
[Re: pro]
|
Veteran Member
Registered: 10/14/07
Posts: 1294
Loc: Outer Banks
|
The strongest line I have found to get a client to stay in a deal is to go ahead and tell them it is ok to walk away if that is what they want. Reassure them that you are on their side if they want out of the deal.
Hopefully, this will help them to start to trust your opinion again and maybe rethink their actions. When they want out all of a sudden they feel alone and everyone is against them. Show them you are on their side.
_________________________
Your Outer Banks real estate agent. Helping people buy and sell OBX real estate since 1989.
|
|
Top
|
|
|
|
#373348 - 04/21/11 09:50 AM
Re: Buyer wants to walk out at the inspection. House has no problem.
[Re: pro]
|
Member
Registered: 10/02/09
Posts: 207
Loc: Salt Lake City, UT
|
LOL You are right Perky. Guess I did sound a little judgemental. oops. I've just heard other agents trying to get their clients to buy something because it's the closest thing for them to a commission check and you can see it irks me. Just a little.
Funny huh- when I read the post it sounded like he was the buyer's agent, but maybe not. If he is the seller's agent then there is no way that he can be sure the house has "no problems". At least where I am, we never give the seller a copy of the inspection. Maybe certain pages if we are asking for repairs but that is it.
Bottom line, if he is representing the seller then he is really out of luck. He doesn't know the buyer and can't talk to them so he is really at the mercy of the buyer's decision and the contract will determine whether or not the earnest money is returned.
|
|
Top
|
|
|
|
#374388 - 05/02/11 08:57 AM
Re: Buyer wants to walk out at the inspection. House has no problem.
[Re: pro]
|
Member
Registered: 08/02/10
Posts: 15
Loc: Highlands Ranch CO
|
Here in Colorado south facing is a HUGE deal. Reason? Snow! Facing south, the sun will melt the snow, where as north will be a ice skating rink for a month if you don't shovel it ASAP. I just wrote a contract on a new build that my cleint paid an extra 10k for a south facing lot.
|
|
Top
|
|
|
|
#377564 - 05/31/11 05:50 PM
Re: Buyer wants to walk out at the inspection. House has no problem.
[Re: pro]
|
Junior Member
Registered: 05/31/11
Posts: 7
Loc: NY
|
Who in their right mind will sign a contract before a home inspection? That is crazy.
|
|
Top
|
|
|
|
#377567 - 05/31/11 06:11 PM
Re: Buyer wants to walk out at the inspection. House has no problem.
[Re: morphiii]
|
Major Contributor
Registered: 04/12/08
Posts: 4726
Loc: Vermont's North-East Kingdom
|
Who in their right mind will sign a contract before a home inspection? That is crazy. Maybe someone who wants to tie it up with this contingency BEFORE somebody else puts it under Contract?
_________________________
Dale C. Hittle of GOLDEN RULE PROPERTIES in Glover, Vermont Where We're Always Striving To Put Together "THE FAIR DEAL"
|
|
Top
|
|
|
|
#377572 - 05/31/11 07:02 PM
Re: Buyer wants to walk out at the inspection. House has no problem.
[Re: Vermont]
|
Member
Registered: 12/24/09
Posts: 256
Loc: Ontario, Canada
|
We never do home inspections before writing offers. We make our offers conditional upon the home inspection. Who in their right mind would want to pay for an inspection if they do not even know if they will be able to get an offer accepted on the property?
|
|
Top
|
|
|
|
#377647 - 06/01/11 02:52 PM
Re: Buyer wants to walk out at the inspection. House has no problem.
[Re: pro]
|
Member
Registered: 05/17/11
Posts: 68
Loc: New York
|
At this early stage, there is a million easy ways for him to walk. It is not until you have fully executed contracts with a firm mortgage commitment that you can start counting your unhatched chickens.
|
|
Top
|
|
|
|
|
This Google Custom search may do a better job of searching the forums for some keywords than the old forum search does. The results do not include threads from the Asset Managers Forum however. To search that forum you will need to be actually in the Asset Managers Forum and you will need to use the old forum search below.
|
|
Registered: 03/04/07
Posts: 1801
|
|
|