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Sandra/s Tips to Smooth Closings • July 15, 2025

44 Buyer Outs #9 – Walk Away If Major Repairs Raise Red Flags

by Sandra Nichols

If lender-required repairs exceed 5% of the sales price, buyers can cancel the contract—even if the seller agrees to pay for the work.

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Sandra/s Tips to Smooth Closings 44 Buyer Outs #14 – What Happens If the Seller Isn’t Honest? 44 Buyer Outs #14 – What Happens If the Seller Isn’t Honest? by Sandra Nichols If the seller misrepresents the property, the buyer can cancel the contract and get earnest money back-or sue to force the seller to fix the issue.     Related Articles 44 Buyer Outs | Sellers Beware! 44 Buyer Outs #15 […]
Sandra/s Tips to Smooth Closings 44 Buyer Outs #13 – When Disaster Strikes After Contract Signing 44 Buyer Outs #13 – When Disaster Strikes After Contract Signing By Sandra Nichols If the property is damaged after the contract starts, the buyer has the right to cancel, delay closing, or accept the damage with insurance compensation.     Related Articles 44 Buyer Outs | Sellers Beware! 44 Buyer Outs #15 – How […]
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