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What if seller won't fix inspection defects for a real estate sale?
Wiki User
∙ 13y ago
In my state the Seller may refuse to fix items. The Buyer may then agree to accept the house "as is" or they may cancel the contract; providing there is an Inspection Addendum that states this.
Inspections should be referred to in your contract or as an Addendum. If you used a broker or real estate agent, s/he should be able to show you what the appropriate language was in the contract.
Wiki User
∙ 13y ago
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Are the real estate commissions split between the buyer and seller?
Normally the real estate agent's commission is paid by the Seller. In over 20 years of experience I have never heard of the buyer being expected to pay real estate commissions.
When is a real estate contract valid?
When it has been signed by the buyer and seller.
Does buyer or seller provide Purchase and Sale Agreement in Real Estate transaction?
In a normal real estate transaction, the buyer or his agent would present the Offer to Purchase to the seller for him to either accept of alter, creating a counter offer. If the offer is acceptable, the seller then signs it, which is referred to as Acceptance.
What are material facts in real estate?
A fact that, if known, may have triggered a purchaser or seller of property to make a different decision in relation to the purchase of the real estate.
What is the role of a real estate principal?
A principal is the main party in a transaction. The buyer and seller are the principals in a real estate transaction. Their roles are self-explanatory. Buyers and sellers are the driving force behind the real estate market.
What is a Grantee record?
the seller of real estate
Who is transferor in real estate transaction?
the seller
What is a house seller called?
real estate agent
What is the seller's compensations if buyer does not keep his agreement to purchase real estate?
There are remedies available to the Seller if a buyer does not purchase the real estate as agreed in a written, fully executed contract. These are only available to the seller if the buyer has signed the contract and there are no limiting conditions such as a financial clause, inspection clause, due diligence period, etc. If the buyer breaches the contract the seller may sue to keep the buyer's deposit, sue for damages caused by the buyer breaching the contract, and may also sue for "specific performance" which would force the buyer to purchase and close on the real estate.
What is acceptable evidence of a marketable title in real estate?
A title examination that shows no title defects or other encumbrances, and, title to be in the seller is acceptable evidence of marketable title.
Are the real estate commissions split between the buyer and seller?
Normally the real estate agent's commission is paid by the Seller. In over 20 years of experience I have never heard of the buyer being expected to pay real estate commissions.
What does CSB stand for in real estate?
Contact Seller Broker
Who usually pays a real esate agent a commission?
In US residential real estate the Seller pays the real estate agent's commisssion.
Can a trust be listed as the seller of real estate?
If a Trust is the registered owner, then it would also be the legal seller.
When is a real estate contract valid?
When it has been signed by the buyer and seller.
What can I do if the buyer of real estate does not close on the closing date?
The Seller can Cancel the real estate and sell to some one Else and put it back on the market or if the seller wants to wait then he/she can extend the closing date.
Who excutes a Texas real estate contract?
A real estate contract may be executed by the buyer and seller; trustee; attorney; builder/contractor. Any party to a real estate contract may execute a real estate contract.
