Real Estate Survival Guide with Terry Story

The “Right To Inspect” Clause Can Come Back To Bite You


Listen Later

Continuing on last week’s Real Estate Round-Up thread, Terry Story believes sellers are often unclear about a buyer’s “as is with right to inspect” a property before completing a sale.  This leads to confusion and frustration, especially after sellers have completed price negotiations on an as-is sale and believe it’s a done deed.

The right-to-inspect clause gives a home buyer the right to have the property inspected before concluding the sale.  If they don’t like the results of the home inspection, buyers have three choices: a) accept the property and move forward, b) renegotiate price and repair terms with the seller, or c) just flat-out walk away.

...more
View all episodesView all episodes
Download on the App Store

Real Estate Survival Guide with Terry StoryBy Terry Story