A buyer's home inspection reveals significant structural issues that were not disclosed by the seller. The inspection condition has already been waived. What legal recourse does the buyer have?
Correct Answer
A) The buyer may pursue legal action for misrepresentation or non-disclosure
Even after waiving an inspection condition, buyers may have legal recourse for material non-disclosure or misrepresentation by the seller. While they cannot use the waived condition to terminate, they may pursue remedies for fraudulent or negligent misrepresentation under common law.
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A buyer's financing condition states 'subject to obtaining financing of $400,000 at 5.5% interest.' The buyer obtains approval for $400,000 at 6.2% interest. What are the buyer's options?
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