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re: Backing out of Purchase Agreement

Posted on 5/27/15 at 3:35 pm to
Posted by LNCHBOX
70448
Member since Jun 2009
84306 posts
Posted on 5/27/15 at 3:35 pm to
quote:

So it's expected of me to let the buyers off the hook? Regardless that a written contract was broken?


Yes, because it was so barely broken that you look like an a-hole for even thinking of suing over it.

quote:

If I don't let them off the hook, it makes me an arse?


Absolutely.

quote:

What's the point of even having a purchase agreement if buyers can take a dump on it and not be liable in any way after the inspection period is over?


He let you know within the window. You're arguing over a very small technicality. There is still plenty of reasons to have a contract, but you're being a butt hurt baby over a small detail.

quote:

Isn't there a reason the inspection period is X number of days? If not, you could just say, "yeah, that's cool, just show up for closing if you want to. If not, don't sweat it."


You were notified within X number of days.
Posted by blueboxer1119
Baton Rouge
Member since May 2013
8041 posts
Posted on 5/27/15 at 3:48 pm to
You're missing the point.

The PA, which contains the responsibilities and expectations for both parties were given to both parties and signed. Signing by the buyers is acceptance of every small detail in that contract.

It's black and white.

The reason I'm debating it is due to the fact that the buyers will not provide me a copy of the inspection and refuse to willingly give up the deposit.
My agent is telling me that they are refusing to cough up the inspection because it indicates nothing wrong with the house (realtors talk I guess).

I'm surprised how many people disregard a broken contract.

There is no "barely broken". It was either broken or not. In this case it was broken.

Thanks for the advice though.
This post was edited on 5/27/15 at 3:50 pm
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