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Terry Story’s Real Estate Survival Guide podcast includes her weekly round-up on NPR's "The Steve Pomeranz Show," WLRN and affiliates. The show provides expert advice in all aspects of the real estate transaction from listing to negotiations; to sales and purchase and everything in between.
Episodes
Monday Apr 23, 2018
The “Right To Inspect” Clause Can Come Back To Bite You
Monday Apr 23, 2018
Monday Apr 23, 2018
Continuing on last week’s Real Estate Round-Up thread, Terry Story believes sellers are often unclear about a buyer’s “as is with right to inspect” a property before completing a sale. This leads to confusion and frustration, especially after sellers have completed price negotiations on an as-is sale and believe it’s a done deed.
The right-to-inspect clause gives a home buyer the right to have the property inspected before concluding the sale. If they don’t like the results of the home inspection, buyers have three choices: a) accept the property and move forward, b) renegotiate price and repair terms with the seller, or c) just flat-out walk away.
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