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According to the Residential Contract to Buy and Sell Real Estate, a buyer who is dissatisfied with inspection results______________?

1) May terminate the contract with written notice immediately
2) Must offer the seller an opportunity to satisfy the problems
3) May terminate the contract verbally, immediately
4) Must present the seller with a list of items to be fixed within 1 day of the resolution deadline

1 Answer

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Final answer:

A buyer dissatisfied with inspection results may either terminate the residential contract with written notice immediately or negotiate with the seller for repairs or concessions, often guided by warranties or service contracts offered.

Step-by-step explanation:

According to the Residential Contract to Buy and Sell Real Estate, a buyer who is dissatisfied with inspection results may either terminate the contract with written notice immediately or negotiate with the seller depending on the terms specified within the contract. Generally, most contracts will allow a buyer to terminate the contract, but this always has to be done in writing to protect both parties' interests. If the contract allows negotiations after an unsatisfactory inspection, the buyer might present a list of items that they want fixed, or they might ask the seller for concessions which could include repairs, a reduction in sale price, or other terms. Additionally, sellers often offer warranties or service contracts to reassure buyers about the condition of the property.

User Ravi K Thapliyal
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