Nice information. We are going to sell our home in December. And want to ensure the earnest money is captured in case they do an attempted cancelation after inspection period ends. For example, inspection period ends then 15 days later they want a price concession because they found a crack in the driveway. We say no way, that crack is small and was in plain sight the entire time. Cancel if you want but you forfeit your earnest money. Is that able to be done? Our main concern are scammers who wait for the last moment to make these demands for a heafty price concession demand.
If the seller does not want to accept the credit, that is totally fine, it is a separate negotiation. But the buyer does have an inspection contingency and can back out of the sale if the negotiation is not successful.
Thank you for this! Awesome information!😊
Thank you so much!
Nice information. We are going to sell our home in December. And want to ensure the earnest money is captured in case they do an attempted cancelation after inspection period ends. For example, inspection period ends then 15 days later they want a price concession because they found a crack in the driveway. We say no way, that crack is small and was in plain sight the entire time. Cancel if you want but you forfeit your earnest money. Is that able to be done? Our main concern are scammers who wait for the last moment to make these demands for a heafty price concession demand.
It depends on how the contract is written. Where are you located?
@@cameronstephens7493 Where? San Antonio Texas
@@2023Red Got it! Real estate contracts vary state by state, so please do contact a real estate professional in Texas!
What happens when they don’t want the credit or not happy about it?
If the seller does not want to accept the credit, that is totally fine, it is a separate negotiation. But the buyer does have an inspection contingency and can back out of the sale if the negotiation is not successful.