Get answers to legal questions about real estate

the question
We recently purchased a home contingent on a home inspection. The inspection revealed structural water damage, basement dampness, and leaks in the roof. Can we break the purchase contract and get out of this?

the answer
If the contract is truly contingent upon your approval and acceptance of a home inspection you should be able to terminate the purchase contract on these grounds. You may also be within your Due Diligence Period which would allow you to terminate as well.

Phillip C. Price
Real Estate Closings

• Affordable • Experienced • Accessible
828-633-2374 • www.phillippricelaw.com 

Barrett W. McFatter, AssociateBarrett@phillippricelaw.com

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