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Question
I see that buyers can walk away from a conditional offer at anytime...can sellers? We had a conditional offer based on home inspection and financing which they sent the waivers last night. We do not agree with having to put a new garage door on as they put in the waiver - do we have to accept?
Or can sellers walk away - even if the conditions have been met if we have not signed a firm offer yet?
Hi Jacqueline,
The Home Inspection is done and the Buyer's would like you to replace the garage door?
You don't have to do a thing although many Seller's will usually reduce the price a little so the deal will go through and the Waiver will be signed by the Buyer's. It's up to you! talk to your Listing Agent. A Home Inspection is for the sole benefit of the Buyer. They will know the history on the property and what to expect down the road for repairs. It's not a tool to black mail the Seller ! If the Offer is good and you want to sell it, you may want to negotiate
a new garage door to do the deal. You can also tell the Buyer's to buy there own door.
Good luck,
Derek
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Answers by Expert:
Derek Hamilton
Expertise
Any questions relating to Residential Real Estate in the City of Toronto or Southern Ontario. How much is my home worth in todays market? What's involved in Buying Real Estate ? How much do you need for a down payment? What's involved in Buying a Condo? What's involved in Buying a Co-op? What do you need as a deposit? How to choose a good Real Estate Agent for your property? What should you do to prepare your home for the market? How much Commission should you expect to pay? What are the expenses when Buying or selling your property? Should you have your home Staged for the market?
Experience
Residential Real Estate Sales Representative in Toronto Ont,Canada for 25 years. Award winner for 20 straight years with Royal Lepage & Sutton Group. Prior experience was 10 years building new custom homes & Renovations in North Toronto. I have a total of 30 years experience in the Residential Real Estate field.
Organizations
I also subscribe to the Georgian Triangle Real Estate Board in Collingwood & the surrounding areas.
Education/Credentials
George Brown College "Carpentry", Continuing Education with the Toronto Real Estate Board. Member sinse 1985.
Awards and Honors
Platinum Award 2000-2008
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