A buyer in Lycoming County has an inspection contingency in the PA Agreement of Sale. The buyer's inspector recommends that a licensed electrician evaluate the electrical panel. The buyer schedules an electrician, but the seller refuses access for the follow-up inspection within the contingency period. What is the buyer's best course of action?
Correct Answer
B) Terminate the agreement under the inspection contingency because the seller's refusal prevented a complete evaluation
Under the PAR Agreement of Sale, the seller is required to provide reasonable access for inspections during the contingency period. If the seller refuses access, preventing the buyer from completing necessary inspections, the buyer may terminate under the inspection contingency because they could not fully evaluate the property.
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Previous Question
A buyer in Adams County enters into a PA Agreement of Sale with a mortgage contingency. The buyer receives a mortgage commitment letter, but the commitment expires before the settlement date. The buyer's lender refuses to extend the commitment. What is the buyer's position?
Next Question
A buyer in Monroe County, PA includes an attorney review contingency in the Agreement of Sale. The buyer's attorney reviews the agreement and recommends changes to the inspection timeframe and seller credit provisions. If the seller refuses the attorney's recommended changes, what happens?