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Option for Buyer to “Hold” or “Fold” (but not renegotiate) on Inspection Issues

Options for Buyer on Inspection Issues in the 2019 Colorado Real Estate Contract.

 

Under the pre-2019 contract, the buyer had three basic options if the Buyer discovered property condition problems: (1) Do nothing and accept the condition of the property subject to the flaws; (2) Submit an objection and attempt to negotiate a change; or (3) terminate the contract. The Commission has now enabled buyers to make simpler offers that limit the buyer to the (1) and (3) option. The 2019 contract can also be written in a way that duplicates the pre-2019 system. Learn how to use the new system.