Can a Home Seller Deny Access to Home if Buyer Doesn't Pay Due Diligence?!?
If a home buyer doesn’t pay the due diligence fee, can a seller deny access to a home for inspection?
The answer: No.
If standard offer to purchase 2-T is used, it does obligate the buyer to pay the due diligence when the contract becomes effective, BUT it also obligates the seller to provide reasonable access to the property - - it is not conditioned on receiving the due diligence fee first.
That said, with regard to the due diligence fee, if the buyer does not pay on time, the seller does have remedies available.
The seller may deliver a written notice to the buyer demanding payment of the fee within one banking day.
If the buyer does not deliver the funds in a timely manner, the Seller shall have the right to terminate this Contract upon written notice to the Buyer, AND the Seller will still be entitled to recover the Due Diligence Fee, and pursue other remedies outlined in paragraph 1d).