Real Estate Law
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Hi and welcome to JA. Ray here to help you today.Please bear with me a few moments while I review your question, conduct and prepare your response.
Is this a signed contract or one you are wanting to amend?
Are you the seller or buyer?
They have to disclose it here
There is usually a dollar limited amount for repairs, if it is over that seller can either pay, or you negotiate or seller can kill the deal.The problem is once they are disclosed the reality is seller will have to disclose these to another buyer.You get your money back if seller doesn't do the repairs because they are over the dollar limits.There is no negotiation usually because seller will have to do them for the next buyer.
Reference to what should have been done
The buyer should only choose Paragraph 7D(2) if he knows of specific repairs that he wants the seller to complete at the seller’s expense. Otherwise, the buyer should check Paragraph 7D(1).
Most buyers in this situation will also choose to pay a termination-option fee pursuant to Paragraph 23 in exchange for the right to terminate the contract for any reason within a negotiated number of days. During this termination-option period, an inspection can be performed, and if specific repairs are identified, the parties can negotiate to amend the contract to address these items, or the buyer can terminate the contract.
I appreciate the chance to help you today.Thanks again.
You can try to negotiate or walk away if the repairs here exceed what seller is obligated to fix and get your earnest money back.
If you can psoitive rate 5 stars it is much appreciated.
Arguably it relates to the buyer yourself.You would argue lack of sophistication, it was your first purchase. etc.
These might help you I hope.
I will opt out and let others pick this up.I don't think there are any cases on this issue.Good luck to you please don't respond or rate
Different expert. You asked about arguments: Here are a few that may apple:
2. fraud in the indcucement
3. unconscionability of the provision.
4. unjust enrichment
5. other side did not act in good faith
6. other side concealed the condition.