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Updated almost 5 years ago on . Most recent reply

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Have not hear back from buyer inspection, is this a concern?

Robert Hernandez
Posted

So I am selling a home and the contingency inspection period ends today. The buyer inspected the home on Tuesday, but I haven't heard anything in from the inspection or if they want any repairs or anything. Is this a concern? Or is this normal? Or should I look for another buyer, we have been under contract for ~ 2 weeks now.

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Joe Cassandra
  • Rental Property Investor
  • Woodstock, GA
772
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Joe Cassandra
  • Rental Property Investor
  • Woodstock, GA
Replied

Usually not normal unless you are in a hot market with tons of offers. 

Even still, in a retail purpose, their RE agent wouldn't be worth their salt if they didn't ask for something. 

In order to terminate, they have to send you a signed form to release earnest money. 

If they don't do that, the inspection period automatically closes.

I WOULDN'T reach out to them. If they forgot the inspection deadline, that's their problem. Obviously, there are other ways to weasel out of a deal, but I would never approach them to say "so, what repairs do you want?" 

Only question you ask is "how is the loan process going?"

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