That's how I feel too- couple o' things to do right away, but the rest
is little, almost a hobby sort of thing. I think i would actually
enjoy doing small repairs, learning things as I go. We'll see how long
the 'enjoyment' lasts ;-)
Regarding my other post buried in this thread somewhere, we've got a
few options for resolving some anxiety about the seller's practices in
the works, so it may just work out after all....
We had problems closing also. The seller disagreed to have some brick
section re-built ($2,000) and wanted to pay only for cosmetic re-pointing
($600). Lots of discussions and arguments. We eventually settled by reducing
our offer by the $600 he was ready to cough up, and after the sale we hired
our own contractor to re-build that section (plus other modifications we
wanted to get done anyway). Much easier that way.
The windows and replaning might be a little too much for me to handle
as a first project. The missus was talking about just hiring
professional for that, and i'm not offended in the least. It's almost
relieving. The rest of it sounds exciting though.
We're waiting on some callbacks from some outside financing
possibilities. It means in the end we pay more money, but I like this
1) it would remove the sellers from the financing completely. I feel
we can trust our local credit unions and/or banks, but I don't know if
we can trust these people anymore.
2) banks or mortgage lending houses have their own attorneys on tap and
can release the hounds if necessary.
As far as the fuel oil, it's all about principle, not the cost, but if
we get an outside mortgage we'll probably just pay it to avoid any
stupid complications. However, *without* outside financing, i would
worry that paying it would just give them a green light to try to
hassle us for other things.
Looks like some contingencies failed on our offer, which i assume makes
it void. This is good news, as we can now involve a buyer's agent or
real estate attorney (or payroll) to write up a new bulletproof offer.
Or walk away.
I can't decide which one I want to do :-(
Not all home inspectors are bad. Where is the house? Maybe someone has a
recommendation. Also the climate of the house will drive, no some extent,
some of the things that you should look for. Most home inspectors, even the
good ones, will have some common items on their checklists.
You inspector will probably tell you about ground water and that some
re-grading is necessary to keep water out of the basement. A very common
thing on old houses with basements. he will look at the roof and try and
give you a ballpark of the expected remaining life. he will look at heating,
AC and give you estimates as to their remaining life expectancy. He will
look at your hot water heater and tell you it needs a discharge pipe on the
pressure relief valve for safety reasons. he should tell you something about
your elec. service and capacity. He will flush all the toilets, run each
faucet, open and close some windows, etc. If he does not actually get on the
roof and into the crawl space he is probably not that good of an inspector.
He will not tell you specifically about lead paint which you likely have
(Put probably safely encapsulated under modern pain). He will not tell you
specifically about radon, he will not tell you about termites. All those
things are separate inspections around here.
Your Agreement of sale probably says something to the effect that if the
inspector(s) find more than $XXX in problems then the agreement may be
amended or withdrawn. You seller may opt to withdraw if too much is found,
so can you.
You will probably want to come back here to discuss anything that was found.
There is a lot of good info here. Some bad too. Remember, this advice is
free and sometimes you get what you pay for.
Thanks for all the help and advice. You are all wonderful.
Unfortunately, we're going to have to try to walk away from this
particular house. The sellers are just doing too much creepy shit-
i.e. doing minor repairs or having services done to the property and
insisting that we pay for it. This is all stuff that is above and
beyond our accepted offer, and the property was being sold AS-IS. None
of this is new, they've done other stuff that was sending up red flags.
About a week ago I made a stand and I was firm with them (they didn't
want to allow an inspection until AFTER we made an offer). They
settled down and quit trying to do creepy stuff for about a week. The
very day that we offered and they accepted, they started back up again.
We've decided that we don't want to deal with these people anymore
(they were also going to finance us).
Hopefully their actions have now rendered our signed and accepted offer
null and void and we can cut and run 100% free and clear. We haven't
closed on the house yet, but there are a few instances where we might
be completely SOL and have now "bought the farm", whether we like it or
lump it. We're going to pull an attorney out of the yellow pages first
part of next week and run all this by him/her to see where we stand
under the circumstances and within the laws of our county/state.
So thanks again for all the advice... I just might need it to maintain
an investment i'm stuck with.
As you're now realizing, should have done that before... :(
You have no obligation beyond a written offer, but if they have accepted
an offer, they can most likely enforce it if they choose to do so...but,
definitely get legal opinion but since you've already made a move it may
well be too late for anything except minimizing further damage.
Yeap... live and learn, endure and suffer..
The deal as written out by our offer is fine and dandy, it's just hard
to say what extracurricular crap they'll attempt to pull in the
meantime. Not real interested in having to maintain some form of
heightened "defense mode" all the time against their onslaught. Just
don't need that crap.
But, we'll see. Maybe I'm overreacting and naive, and this is fairly
run of the mill and standard practice/expectation. Maybe they'll have
their fun for now, and if i stand up to them they'll eventually quit
trying crap in the first year. Nobody ever said buying a home is a
painless, euphoric experience
What sort of "extracurricular crap" are you speaking about--in a
"normal" closing, there's an offer, maybe a counter-offer and either an
acceptance/rejection. There is nothing binding on either party outside
of that written agreement assuming it is within the rules of the
jurisdiction of note. You do realize, I hope, that even if there is no
one other than the two parties involved there are still the rules for
disclosure and all that folderol in many jurisdictions that are still in
force. You really should run, not walk to get any contractual
arrangement reviewed by a competent attorney. What have you done about
assuring the seller has a clear and legal title to the property in order
<to> sell it in the first place, that it is not encumbered by other
notes/liens, etc., or a target of a law suit/pending/current/former
divorce or a myriad other possibilities?
From your original post I assumed you were simply looking at a listed
property and wanting an independent evaluation...turns out you're
jumping in <way> too deep too fast it sounds like...
This might be a good place to start a thread on "unethical" or questionable
things you've seen a seller do -- I'll start --
Our purchase was contingent on a termite inspection, among other things.
The owner removed all of the 4x8 beams over the front patio area, putting
them back up after the termite inspection was completed. (Fortunately, the
termite inspector noted that the beams were missing during the inspection.
Of course, they were riddled with termite damage, although had no active
Same house -- the owner had a light over the back door. He screwed the
fixture in place, drilled a hole through the concrete block wall and ran an
extension cord from the inside of the house through the wall to the light.
When he wanted to turn on the light he just plugged the cord into the wall .
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