Legal Question in Real Estate Law in Maryland

Buyers addendum to contract

The buyer wants an addebdum to our sale contract stipulating

repairs to driveway and installing smoke alarms. House was

listed for sale as-is. Our broker waited 2 weeks before

giving us (sellers) the addendum. I do not want to do repairs or offer a credit for cost of repairs. Buyers have signed the addendum. Our broker says not to worry about it.

Only 3 weeks left until settlement. Will we have to sign addendum at settlement?


Asked on 10/11/03, 11:32 am

1 Answer from Attorneys
Robert Sher Wagshal and Sher

Re: Buyers addendum to contract

Your question omits important facts. Was there a signed contract--by all parties--followed by the buyer's proposed addendum? If so, you have a binding contract and can reject the addendum. Or was the addendum submitted as part of a counter-proposal during the original negotiation process? If this is the case, you don't have a valid contract yet. I'm assuming the former case if your broker is telling you not to worry about it. But I suggest you tell your broker to advise the buyer's agent to inform the buyer that you're not agreeing to any repairs or credits so there's no misunderstanding at settlement.

Read more
Answered on 10/13/03, 9:51 am


Related Questions & Answers

More Real Estate and Real Property questions and answers in Maryland