The buyer is usually within there rights to inspect the property to their hearts content (within the limits of the contract) even if they have some malicious intent. As a seller, it’s important to make sure the contract you negotiated is as ‘tight’ as possible with the dates to make sure your not losing a bunch of your time just to have the buyer walk away. 14 days would be considered tight in my market. You might want to count yourself lucky on that. Most of the time when I’m working with buyers, I try to push at least one of the contingency clauses out to within a week of closing, just in case something goes wrong.

I have heard of buyers getting a contract accepted then trying to beat down the price with the inspections and the appraisals. Since the buyers is usually paying for all those extra reports, the buyer usually becomes ‘cash committed’ at some point and will follow through. In this case, it sounds like the buyer is just trying to get a deal. I’d just move on. Win some, lose some.

This often happens with fixer properties. I could see how somebody might also try that on a new home as well. These days, buyers just assume that your home is worth much less than your list price even though they looked at the competition and felt your home was worth writing on.

Thanks for stopping by.

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Greg Tracy