We’re facing a response deadline on an Austin transaction involving a coastal home. Our offer accepts the property in its present condition but also contains an inspection contingency. The seller now says that requesting information or a credit violates the spirit of our as-is offer.
I understand the actual wording and local law control. Practically, how do buyers separate an as-is price from the right to walk after discovering a major problem, including unexpected transaction fees? I’m especially concerned about what happens to the deposit once the deadline passes.
I understand the actual wording and local law control. Practically, how do buyers separate an as-is price from the right to walk after discovering a major problem, including unexpected transaction fees? I’m especially concerned about what happens to the deposit once the deadline passes.