Full question:
Buyer has signed a contract to purchase a house with the condition that the house pass a home inspection. However, Buyer would like to terminate the contract because the home inspection revealed some serious damages and the Seller did not disclose these problems prior to the signing of the contract. The seller has stated that he will fix any problems. Can the buyer get out of the contract? What about the seller's promise to make the repairs?
- Category: Real Property
- Date:
- State: Alabama
Answer:
Generally, if the contract includes a contingency based on the buyer's satisfaction with the home inspection, the buyer can terminate the contract. If the contract states that the seller will repair any issues found during the inspection before closing, and the seller agrees to do so, the buyer is typically bound by the contract.
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