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  1. #1
    Join Date
    Jul 2005
    Location
    Saint Peters, MO
    Posts
    2

    Default Termination of Contract after Home Inspection

    Our buyers decided to terminate the sales contract for the purchase of our home after conducting an inspection. Their reason for terminating the contract was that they felt there was "too much work to do." The inspection report revealed "minor repair items of which, none would play a major role in deciding to purchase the property." The buyers have not even offered us an opportunity to negotiate repairs. Is it within their legal rights to terminate the contact based on little or no substantial cause?

  2. #2
    Join Date
    Mar 2005
    Location
    Michigan
    Posts
    28,906

    Default Termination of Purchase Agreement

    That depends upon the terms of the purchase agreement. You may wish to have the agreement and inspector's report reviewed by a local lawyer.

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