Frequently Asked Questions

Can a seller back out a signed property purchase agreement if the buyer got rejected for the mortgage and plans to apply for a smaller loan? Short answer: Yes, the seller can usually back out — but only if the buyer’s mortgage denial triggers the financing contingency in the contract. When a buyer gets rejected … Read more

What are the best practices for sellers to prove their house was in good condition at the time of sale? If you want to protect yourself as a seller and avoid the dreaded “You didn’t tell us about this” conversation after closing, the best thing you can do is document the home’s condition before the … Read more

Can a buyer hold me accountable for home repairs if they didn’t perform an inspection before purchasing? Short answer. In most cases, no, a buyer generally can’t come back after closing and hold you responsible for repairs if they chose to skip the home inspection. When a buyer waives their inspection, they’re essentially accepting the … Read more

What steps should I take if the buyer claims I lied on the seller’s disclosure form about home issues? If a buyer suddenly claims you lied on your seller’s disclosure, take a breath. It feels personal, but there’s a clear way to work through it. Start by reviewing exactly what you wrote on the disclosure … Read more

Is leaving home “comps” in the house for appraisers, an effective way for REALTORS® to try to influence a home appraisal? Leaving comps out for an appraiser isn’t about “influencing” anything, and honestly, no one can influence an appraiser anyway. They’re an independent third party hired by an Appraisal Management Company, and their job is … Read more