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I entered into a contract to buy a home, after the inspection I found a vast number of issues which made me want to cancel the contract. My attorney sent them the list of issues and they have said they will fix all of the issues. He tells me they are trying to hold me to the contract and I may have a 'fight on my hands'.
I am not familiar with housing codes and cannot recognize certain things that were brought to my attention during the inspection. I don't quite understand how the seller is going to address these items and in what time frame he will be allotted to address all of them. Additionally most of the work in the home was not done up to 'code', so I am concerned that whoever he hires to do these repairs will not do a competent job just like the other work that was done. There are also other items the inspector was not able to inspect because he did not have access due to the shoddy work done in the home.
What is typical for these type of disagreements? At this point i'm feeling like i'm being forced to buy this house that I no longer want
No I just had the first inspection done last week and today the seller is saying that will address all of the issues which include replacement of roof, boiler, issues with mold, asbestos, etc.
After the inspection there are other underlying issues with the home that just make me uncomfortable with the house and I just do not want it anymore.
So far i have not given any deposit besides the 1k deposit to realtor, what can happen if i just refuse to go through with the deal?
Did you put a contingency in your offer stating that the offer was conditional upon your approval of the results of the home inspection? If you did, the sellers CAN'T hold you to your offer, as you have a built-in escape clause.
If you did not, you can probably still revoke your offer, but you'll lose your earnest money. Talk to a good real estate attorney.
No I just had the first inspection done last week and today the seller is saying that will address all of the issues which include replacement of roof, boiler, issues with mold, asbestos, etc.
After the inspection there are other underlying issues with the home that just make me uncomfortable with the house and I just do not want it anymore.
So far i have not given any deposit besides the 1k deposit to realtor, what can happen if i just refuse to go through with the deal?
I am in NJ
Those items are so extensive this house must be a piece of crap. I suggest you run away even if it costs $1K
All these type of agreements are really annoying. You should not buy this house .Run away from all these issues.
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