Legal Question in Real Estate Law in Colorado
seller's obligations regarding home inspection repairs
If a seller signs a contract agreeing to make home inspection repairs are they then legal obligated to make absolutely all suggested repairs? If the repair requires rebuilding the chimney or something else very expensive can the seller then back out of the contract? The realtor says we can, I'm not sure I believe her.
Asked on 3/17/02, 9:18 am
1 Answer from Attorneys
Eric Fisher
Law Office of Eric A. Fisher. LLC
Re: seller's obligations regarding home inspection repairs
Your obligations should be spelled out in the contract.
In the standard Colorado form contract, the seller has the option to make repairs
or cancel the contract and return the earnest money.
If the buyer waives the repair items that the seller refuses to do, the contract can continue.
Answered on 3/18/02, 11:22 am