Offer made on house contigent on inspection.
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Offer made on house contigent on inspection.
Offer made on home contigent on
inspection. Earnest money paid.
Counter offer denied after b
inspection. Seller won’t give earnest
back
Asked on December 29, 2017 under Real Estate Law, Minnesota
Answers:
SJZ, Member, New York Bar / FreeAdvice Contributing Attorney
Answered 6 years ago | Contributor
If under the terms of the original contract of sale, you had the right to terminate the agreement based on the results of the inspection, and the results of the inspection would in fact support termination (e.g. seller refusing to fix material or significant issues), then if you and the seller do not come to some agreement (e.g. money off the sell price) satisfactory to you, you may exercise your right to termination. If you do, the seller must return your escrow, as provided for in the contract. If they do not, you may sue them for breach of contract (for violating their contractual obligations) to get the money back.
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