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Chris Johnson
  • Investor
  • Orange County, CA
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Cancelled Contract-Should Owner get a copy of Inspection Report?

Chris Johnson
  • Investor
  • Orange County, CA
Posted Nov 2 2018, 13:35

Hello BP!

Is it customary to provide the seller with a copy of the Inspection report?

BACKGROUND: I just cancelled a contract to purchase a single family Turnkey property in Florida. It was advertised as a turnkey but there was a broken window, electrical issues and the roof had surpassed its life expectancy (major issue to me). A future roof repair could blow away my ROI long term.

I backed-out because I did not calculate my numbers to potentially purchase a roof for a property that's supposed to be a turnkey. And in my opinion the property should have been marketed as a fixer upper because it is selling at retail and needs major repair, as the inspector recommended the roof gets replaced. 


Thanks,

Chris

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