Home Buying in Thomasville>Question Details

Carlos And C…, Home Buyer in Dover, NJ

After House Inspection, several issues were found, but the seller refuses to do anything about it.

Asked by Carlos And Carol Mariani, Dover, NJ Wed Jan 2, 2013

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In my opinion, it all depends on what the issues are. If minor repairs that do not compromise the integrity of the home and your lender does not require the repairs to be made to move forward, then you can decide if this is acceptable and move forward. On the other hand, if serious repairs are needed, then you need to have a conversation with your agent and lender. You may have to find another property. Remember, you qualify as an individual but in most cases the property has to qualify as well.
0 votes Thank Flag Link Mon Oct 6, 2014
Ok, discuss this with your agent to find out what your options are.
0 votes Thank Flag Link Sat Dec 7, 2013
You have Good answers but hopefully you have a BUYERS AGENT and not a dual agent in order to advise you in your best interest. If you do have a dual agent they are not allowed to advise you if they do they are violating license law. A dual agent is merely a facilitator. Simply a paper pusher.
0 votes Thank Flag Link Sat Dec 7, 2013
Your agent should be the one to guide you on your options and next step.
0 votes Thank Flag Link Sat Dec 7, 2013
If the home inspection is a contingency in your contract then you can either walk away or decide to deal with the repairs. Your contract will tell all.

0 votes Thank Flag Link Sat Dec 7, 2013
What was in the offer contract? Did you have a home inspection contingency? If not, you have to decide if you want to walk away since the seller has no legal obligation to deal with the issues.
0 votes Thank Flag Link Fri Jan 4, 2013
Depending on exactly what was found after the inspection and the specific terms of your agreement, the seller may not have to make these repairs. As others have said, it becomes a matter of how badly you want this property........

Good luck,

0 votes Thank Flag Link Wed Jan 2, 2013
If the issues are not structural then the seller does not have to fix them. If they should have known about them, then you should negotiate. Remember now that they are aware of the problems they must disclose to the next buyer.
0 votes Thank Flag Link Wed Jan 2, 2013
Sellers are not required to fix every issue your home inspection uncovers. That should be negotiated with you and your agent.
0 votes Thank Flag Link Wed Jan 2, 2013
Okay; that is certainly their right;
They are doing what is in their best interests.
What is in your best interests?
Are the repairs worth losing the house?
What does your Agent say?
0 votes Thank Flag Link Wed Jan 2, 2013
then either accept that or terminate the contract...surely your agent told you that?
Web Reference: http://www.hmtatlanta.com
0 votes Thank Flag Link Wed Jan 2, 2013
Hello Mr & Mrs.

You basically have two options. 1. It is up to you if you want to continue with the transaction. If you still want to buy the property ask you Realtor to renegotiate the purchase price in order to compensate for the issues the seller does not want to repair. Of course if these are issues you can live with and want to tackle or 2. you just can walk away from the transaction and find yourself another property that you do not have to worry about any repairs. Just make sure you are still in your due diligence period.

Wish you best of luck.
0 votes Thank Flag Link Wed Jan 2, 2013
HI Carlos,
You would need to consult with your Real Estate Agent on the matter. Once you are under an agreement with an Agent, your contract advice will need to come from that Agent.

Rodney Mason, NMLS #151088
Sr Loan Officer
Prospect Mortgage
825 Juniper St NE, Atlanta, GA 30308
Office: (404) 591-2453
Apply Online at http://www.rodneymason.com
Licensed in Alabama & Georgia with over a decade of lending experience.

Prospect Mortgage offers a full selection of mortgage programs including:
Conventional | FHA | FHA 580-639 FICO | FHA 203K Renovation (Streamline & Consultant) | HomePath® | HomePath® Renovation | HomeStyle® Renovation | VA | USDA | GA Dream | Jumbo Financing.
0 votes Thank Flag Link Wed Jan 2, 2013
What does your Agent/Broker say about these Contingencies in your contract, Carlos And Carol? Please call, text or email if we can provide further assistance. Good Luck!

Michael Hammond





0 votes Thank Flag Link Wed Jan 2, 2013
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