Should The Seller Reimburse Buyer For The Inspection Costs - Fixer Not Move-in Ready!

[Lorraine Hadden]

My business partner and I made an offer on an out-of-state (OOS) single family property in October 2024. The lender required that the property be tenant occupied/cash flowing. We (the buyers) notified our agent that the property must also be move-in-ready.
We received images of the interior and exterior which showed the property in move-in ready condition/what appeared to be minimal to no deferred maintenance issues, the listing said "property inmove-in condition/turn-key". We made an offer (which was accepted) and ordered a home inspection. Needless to say the 95 page home inspection revealed that the property is in less than move-in-ready conditioned.

We cancelled Escrow and requested our deposit back. My partner also wants reimbursement of the funds paid for the home inspection. The seller's refused to reimburse our LLC the home inspection costs.

Under these conditions, since our purchase contract includes an "inspection contingency," CAN WE GET OUR MONEY BACK FOR THE HOME INSPECTION THAT REVEALED A PROPERTY IS A FIXER WHEN THE LISTING AND PHOTOS SHOWS THE PROPERTY IS IN MOVE-IN CONDITION?

[Russell Brazil]

No