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Your rights are spelled-out within the contract. If you are still within your time periods for inspections, you may be able to cancel the contract. You may also be able to extend the time periods for additional consideration of what has occured.The property disclosure also states if a new property disclosure is delivered to you after contract acceptance, you should reconfirm purchase in writing AND reconfirm new disclosures.Thus, if you do (or have not done) both, the contract may be considered "not fully executed."Mediation is also an option, as disclosed in the contract.Try to allow all involved an opportunity to work things out. If a Seller wants to sell, and a Buyer wants to buy, most items get worked-out to each party's liking. If not, you may cancel the contract or speak to the Broker.Best of luck!
Disclosures never tell the whole story. They are worded where the seller answers questions like "are you aware" etc. It is up to you, the buyer, with your agent's help to do due dilligence through inspections etc.. How did you come up with $500? why didn't you put up to $2000 or whatever?
How serious are the other repairs, I doubt the seller will be willing to lose out on a buyer if it's a matter of just minor things. Also, how good of a deal are you getting? Are you prepared to walk if the seller refuses to do those repairs?Lastly, if there is no active infestation, and since the seller has a bait system installed, why go through the unecessary expense of spraying. Make sure you get a home warranty that includes coverage of WDI (Wood Destroying Insects). Your deductible will be about $200 only if you have to use it.Please post an update and good luck.
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