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Updated almost 7 years ago on . Most recent reply

User Stats

102
Posts
76
Votes
Dominique Pradel-Lewis
  • Investor
  • Pittsburgh PA
76
Votes |
102
Posts

Is contract expiration an acceptable reason for buyer to rescind

Dominique Pradel-Lewis
  • Investor
  • Pittsburgh PA
Posted

I am purchasing a SFR from an auction site with 30 day closing (stipulated in the contract). The town asked that an occupancy certificate be obtained requiring an inspection. It wasn't done within the 30 days so there was 15 day extension. I just found out the item is still pending. At the end of this contract extention can I refuse to renew and get my good faith deposit?

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