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iaerton, Home Buyer in Atlanta, GA

what's a time frame when waiting for an ans. from sellers agent concerning repairs on a septic sys. insp. have waited 3 days

Asked by iaerton, Atlanta, GA Thu Jun 20, 2013

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Do you need a loan ? if yes we offer a loan at the rate of 3% for $5000 to $100,000,000.00 interested person should contact us via email : jamefinancial@sify.com

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0 votes Thank Flag Link Fri Jun 21, 2013
Do you need a loan ? if yes we offer a loan at the rate of 3% for $5000 to $100,000,000.00 interested person should contact us via email : jamefinancial@sify.com

Name
Country
Amount
Phone
Duration

reply with this info
0 votes Thank Flag Link Fri Jun 21, 2013
Iaerton,

As in all cases, the time frame must be spelled out in the confines of the purchase contract. If the seller needs more time he needs to put it in writing in and amendment agreed to and signed by both parties. If not the contract will have dates that expire and the contract is over at that point. Ask your Buyer's Agent where you stand at this time. We can' t know here on this site without reviewing your contract. And of course that is not our job, but the responsibility of your agent. Good Luck.

Robert McGuire
Broker/Consultant
Your Castle Realestate
http://about.me/robertmcguire33
0 votes Thank Flag Link Thu Jun 20, 2013
Is always a good idea to stay in touch with your real estate agent and ask as many questions or concern that you may have. Review your purchase contract, normally the answer is there.

Best of Luck,

Maria Cipollone

http://www.Flahomespecialist.com
0 votes Thank Flag Link Thu Jun 20, 2013
What does your contract state? If it is silent, then I would simply ask the agent when you can expect an answer. It could take some time to get a septic guy out there to get an estimate and that may be the hold up.
0 votes Thank Flag Link Thu Jun 20, 2013
I agree with Gary. Three business days should be adequate. In most cases, the seller usually has an idea of what repairs they will make when they list the home.
0 votes Thank Flag Link Thu Jun 20, 2013
Today it takes a while to get a contractor out, depending on cost it may require several estimates. I would tell a buyer 7 to 10 days is not unreasonable depending on the type of repairs necessary. Replacing a drain field could be $5000 to 10000. The repairs you requested may be unnecessary or unreasonable. It will take the seller some time, perhaps some expense, and perhaps several contractors to evaluate the request.

Bruce
0 votes Thank Flag Link Thu Jun 20, 2013
we were told insp. was to take place on the 18th, all we want to know is was it done, no one will tell us. something doesn't feel right, we were also told just to sit tight, I really think we desire more then that
Flag Thu Jun 20, 2013
Hi there,

If the buyer has formally requested that the seller make repairs on the septic system as a condition of the purchase, I would say that 3 business days is a reasonable time to give a response. However, if this is a condition of the lender or a term of the contract from an Amendment to Address Concerns, then the Amendment would dictate the answer come prior to the end of the Due Diligence period. In this case, I would ask your buyer's agent, if represented, or the seller's agent, if you're a customer, for an answer TODAY! Time is of the essence in any real estate contract. Feel free to provide more details about the timeline of the contract.

Gary Moore
Atlanta Communites
http://www.getmooreteam.com
getmooreteam@gmail.com
"We're about building relationships, not transactions"
0 votes Thank Flag Link Thu Jun 20, 2013
the insp. was done june 17, seller wanted to get someone in there to tell her what actually needed to be done this was to be done on June 18th. As of yet we have heard nothing, as there is another house we are interested in we need an ans.. we told our agent she would have to cover costs or drop the price down to cover repair bills. Today is June 20th and we have heard nothing, we have asked our agent to let us know what is going on, her response was-I told u again and again, I'd let u know when I hear something, people have other things going on-we then asked what is a reasonable time frame and we have rec'd no ans.
Flag Thu Jun 20, 2013
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