Back to the Seller

When a seller finds that a qualified inspector has determined the roof needs repair or the water heater has outlived its expected life span, he may agree to make repairs or replacements or to knock down the price so that you can cover the cost of having the work done yourself.

Suppose something catastrophic is discovered? Perhaps the floors are heaving or the foundation is settling, causing cracks in the interior walls. At this point price is no longer the object; you want out. Assuming the deal was contingent upon an inspection "...which in the sole judgment of the purchaser is deemed satisfactory," you're off the hook. Convey your decision to the seller in writing.

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