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We are the sellers. It has been a week since the inspection, and we have not heard anything about the buyers' inspection results. We have discussed this with our agent; she told us last week that we should hear within two days of the inspection. After two days, she said it would be three days. We spoke with her last night, and she said she contacted the buyers agent yesterday but did not receive a reply. She said she would contact the buyers agent again today, but I have heard nothing yet.
Should this be a cause for concern?
The fact that we have heard nothing makes us wonder if the buyers got cold feet, or if they are looking at other houses, etc. We are in a Due Diligence period, which in our state means that the buyers have given us a few hundred dollars and our status has been set to "Pending". This period will be over in about two weeks, and if the buyers have not backed out by then, they will forfeit the earnest money, which is considerably more that the several hundred dollars they paid for the Due Diligence period.
I don't know where the OP is or what the state laws/statutes are. In my state of Florida the buyer is not required to give the seller the inspection report since they are paying for the inspection and not the seller. During the inspection period, the seller can withdraw their contract offer with no penalty and do not have to justify why. The buyer could have found something during the inspection and wants to back out, they could have cold feet, or they are just letting you stew a little as a negotiation strategy.
I wish I or anyone on this forum could give you a definitive answer, but that won't happen here.
They may of found a different house and could be working with another agent and waiting to see if they got the bid so they can jump over to that one.
They could also be using it as a tactic till the last minute to get a lower price and using the INSOECTION report as leverage. And it's obviously working because you're on pins and needles.
The inspector may of not turned in the report and like you they are waiting.
does North Carolina not have a time frame for the inspection contingency?
All buyer due diligence and negotiation regarding property condition, repair negotiations, appraisal/valuation, confidence of loan approval, zoning, insurability is wrapped up in the Due Diligence Period.
So, in NC, the DD Period serves as the "Mother Of All Contingencies."
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