Did a Hurricane, Flood or Fire impact the home you are trying to Buy..? What are your Options if something did happen.?
As I stated last week, I was going to finish up my discussion on Ending Due Diligence and moving into the Repair Addendum Phase, but something happened the past 2 days that changed my mind. We had a Hurricane hit us (Matthew).
So changing gears a bit, lets quickly talk about the What-Ifs while you are under contract to Buy a Home. You should read over your Contract very carefully. In SC the contract has a clause (Section 15 – Fire or Casualty or Injury) stating the following:
So be sure to take care of all of the above before the 5 Day Termination Period. Work with your Realtor® to get all the right paperwork signed off on, then move forward. If the Seller refuses to do what is expected, then you should Walk Away.
Gary Buchanan/Realtor® w/AgentOwned Realty - email@example.com 843-647-7743