DIYbanter - View Single Post

wrote:

I'm looking to buy a house and in the 'standard' purchase agreement it
says a "defect" means a condition that would have a significant adverse
effect on the value of the property, that would significantly impair
the health or safety of future occupants of the property, or that if
not repaired, removed, or replaced would significantly shorten or
adversely affect the expected normal life of the premises.

So the inspection comes back with a bunch of small stuff and one major
thing. How do I know what meets the definition of "defect' as quoted
above ? Thank you.

SNIP details

That's the problem with "standard" realtor contract forms.
Who will interpret the inspection result?

Does the contract say you can get out if you don't like the
results?

If you manage to get out of this one, hire a lawyer to write
your next offer and tell the realtor.......

I'm not just making snide remarks; this can be a tough situation.
If you're in doubt about how to handle this one, consider
getting an atty now to represent you against the realtor and seller.

OTOH, maybe it will go smoothly and they will meet whatever
demands you have to make.

Jim