Real Estate Survival Guide with Terry Story
Business:Investing
Continuing on last week’s Real Estate Round-Up thread, Terry Story believes sellers are often unclear about a buyer’s “as is with right to inspect” a property before completing a sale. This leads to confusion and frustration, especially after sellers have completed price negotiations on an as-is sale and believe it’s a done deed.
The right-to-inspect clause gives a home buyer the right to have the property inspected before concluding the sale. If they don’t like the results of the home inspection, buyers have three choices: a) accept the property and move forward, b) renegotiate price and repair terms with the seller, or c) just flat-out walk away.
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