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Updated almost 10 years ago on . Most recent reply

User Stats

32
Posts
4
Votes
Eric Healy
  • Bend, OR
4
Votes |
32
Posts

Inspection contingency on new construction situation

Eric Healy
  • Bend, OR
Posted

Hello,

I'm in a of a bit if a situation and was hoping someone here might have an answer. I have been under contract for a few months now for a new townhouse that is currently being built. I need the option to get out of the deal now and thought I could use the inspection contingency. Looking at the paper work, it says it must be used with in 7days from mutual acceptance. Well this 7 days passed long ago but the townhouse isn't even done yet. How is this possible? Shouldn't the 7 days start once its complete? You cant inspect a house that doesn't exist yet. Any help or advice would be much appreciate as I do not want to loose my escrow money. If it helps, I'm in Washington state. 

Thanks!

Eric

Most Popular Reply

User Stats

146
Posts
62
Votes
Aaron Ramm
  • Investor
  • Marysville, WA
62
Votes |
146
Posts
Aaron Ramm
  • Investor
  • Marysville, WA
Replied

The man you need to talk to is:

http://www.seattle-realestate-lawyer.com/

Doug is AWESOME, reasonably priced (and doesn't require a retainer), and works with investors.  

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