Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
×
Try Pro Features for Free
Start your 7 day free trial. Pick markets, find deals, analyze and manage properties.
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: Laura Davis

Laura Davis has started 1 posts and replied 2 times.

Post: Inspection Contingency Removal question

Laura DavisPosted
  • Malone, NY
  • Posts 2
  • Votes 1

So.😊  I calmed down and re read the contract again trying to figure out what  to screen grab for you and found that the home inspection clause box IS checked- which discusses inspection for material defects.  (Note to self : do not reading complicated real estate contracts in a state of frenzy). I'm assuming high levels of lead in drinking water are considered a "material defect" so am thinking we should be okay to walk if we cannot come to an agreed upon solution.  Please let this know if that assumption is incorrect. After re reading the provision I mentioned originally, I see how it could be taken as giving us the option of an out if we didn't approve of things in the way of personal preferences as well as more serious defects. Not what we were asking for but can see how Seller might think so and want to protect themselves from that. Let's hope it's a simple fix! I do love this house! ❤️ Thank you for taking the time to respond to me! 

Post: Inspection Contingency Removal question

Laura DavisPosted
  • Malone, NY
  • Posts 2
  • Votes 1

My husband agreed to remove an inspection contingency from the contract offer prior to the home inspection. He did so with our agents assurance that the Seller's would fix/negotiate (after we pay for up to a certain amount in repairs) or we could get out of the deal. During inspection, a water test revealed a dangerously high level of lead in the well. This is a "fixable" issue- with a filter or replacement parts of the well and or pipes. I spoke with a friend who is an environmental engineer who said that it could be the ground water (rare but possible). The way I read this contract is that if the buyers agree to fix it, we can't back out. There is nothing about it being repaired to our satisfaction either. There was but, in the counter offer, that was crossed out. Does this mean that's entirely up to seller as to what constitutes as "fixed"? I love this house and if this can be repaired- as in complete elimination of the lead problem (not a filter aka bandaid) I'm still in. Otherwise, especially if I t's the ground water, I want to walk. Is there anyway out if this if the seller's agree to all repairs but their idea of "fix"  isn't our idea of "fix"?