Posts Tagged ‘10 day inspection period’
Buyer Allowed to Cancel the Purchase Contract if Short-Term Rental Next Door
In your recent column you talked about a buyer under the standard AAR Purchase Contract cancelling the purchase of a Glendale home the day before close of escrow. The buyer’s reason was that the home next door had just been sold that day to an investor to be a short-term rental (“STR”). We lived next…
Read MoreBuyer Entitled in Good Faith to Cancel “As Is” Purchase Contract During the 10-Day Inspection Period
Question: We moved here from Milwaukee and signed a purchase contract with $20,000 earnest money for a Goodyear home. We had the right to cancel this purchase contract within the 10-day inspection period. We both have jobs in Chandler. Neither of us realized how far the day-to-day commute was from Goodyear to Chandler during rush…
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