From today’s Real Estate Journal:

Question: I recently put in an offer on a vacation home in the Catskills, with a $10,000 earnest-money deposit. It was occupied by tenants when we saw it. The offer was accepted, we had the home inspected, and the tenants left. But this morning we did our final walk-through before settlement, and discovered damage that wasn’t visible when the tenants were living there. We’re very upset, and aren’t sure that we want to settle now. What should we do?

Answer: If you’re not sure what to do, the best advice often is to do nothing.

This article provides some helpful information on what you need to do if you discover, at the last minute, problems with the home you are about to buy.

Bottom line? Be patient. And, have a good real estate attorney.

Complete story: When a Walk-Through Reveals Problems an Inspector Missed – By June Fletcher , The Real Estate Journal

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Updated: January 2018

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