POOF! Gone!
Seller Emerges From the Dead........and Keeps House
Finally contact is made, and Seller refuses all repairs. States that moisture barrier was just installed and should take care of problem. (Obviously hasn't seen the house any time lately, but whatever....IT'S HIS!)
Offer to Purchase ----> Withdrawn under 13c Cost of Repair Contingency.
The money we loose on inspections, appraisal, etc is less than the cost to correct the moisture problem by ourselves. And I am certainly not going to tell that 'homeowner' that his plastic isn't going to work by itself.
I have to get back to the MLS listings. They have gotten away from me lately and I have lost track of what's on the market! Back to house hunting!
7 comments:
This house must not worth looking if it has that many problems by itself beside the seller and their agent.
Definitely walk out of this mess, there are lot of better homes out there. Now you have better understanding, wish you goodluck.
Thanks for all the info. STAY AWAY FROM THAT HOUSE.
You should be thankful coming out of it. PROJECTS seems easy when you see others are doing.
Thank you very much providing all the useful information. Could you please elaborate your experience about the agents? Which ones are good and which ones to stay away from? If you cannot post, I will send you my email address.
Good luck with your search, this is good time for buyers.
We knew about all the smaller problems with the house before the inspections, including the "question" of termite damage. We had in our Offer to Purchase an amount to limit the "unknown" repair work for this reason. The KNOWN repairs that we could see was why we our offer for the house was a good bit less than what the Seller was asking. We calculated each and everything we had to do to the house and deducted it from his asking price. We did not however, deduct our labor charge. And you are very correct with your statement about PROJECTS being easy when you see others do them, but we do have some experience and good family brains to rely on. (We are not talking major construction type things)
The biggest lessons we learned from this fiasco is 1)No more houses owned by Business people. They are too busy to be bothered by you and we want to buy a house. That mixture is oil and water and doesn't work. 2)SET TIME LIMITS on ALL PAPERWORK between parties. There is no excuse for being treated the way we were by someone that really wanted to sell a house.
Agents...hmm. My mother used to tell me "If you can't say something nice, then don't say anything at all."
As long as you completely, and I do mean COMPLETELY, 100% understand who you are dealing with, and whom they are representing, what can I say? I deal with no one personally that is not a licensed Realtor for one reason. They do have some standards they MUST adhere to or else their license and income is at jeopardy. Being a licensed medical professional myself, I can understand and deal with this! (Note all the links I have posted to various organizations)
There was a serious communication problem with the Seller's Agent. We will be buying a house, but any house listed by this particular agent is out of the question strictly because of that agent's involvement. That may sound like an unfair statement, but it is our personal opinion and will stand.
House market seems to be slowing down a bit anyway, seems like it'll be tilting in favor of the buyers, but then again depends on if you're buying a new house or one built a while back.
I wouldn't worry about the money spent on inspections, appraisal etc., chalk that under the experience column and call it good. Good luck and happy hunting.
Experience column?
@-@
Where's any experience column?
;p
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