Territory Real Estate
Massachusetts Destination for Home Buyer's
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Sorry about your situation. Typically, if you are entering into an "as is" agreement, it's assumed the property probably has issues. I wouldn't ever recommend it unless the property is dirt cheap or you have the proper funds for repairs.
Best of luck,
The bright side is that since both are not working, it will probably be something that can be repaired, since it is unlikely that both died at the same time.
Worst case scenario is that if you were to buy either system new, the energy savings from today's product lines are impressive. Although it may sting a bit now, you will undoubtedly see savings for many years to come.
You own it. Fortuneately you had the foresight to budget for replacement of HVAC and hotwater tank. The rest is paint and flooring.
Congrats of a successful purchase.
Stuff happens. it not the end of the world.
Typically in the p&s it states that at the time of closing things should be in the same condition as at the time of inspection.
I would read the p&s, hopefully your attorney protected you properly?
Did you do a walk thru prior to closing? Did they work then? If they did then your out of luck, if not you should of addressed them prior to closing.
Lastly, if you, the seller or the buyers agent had bought a Home Warranty for short money all those items you mentioned would of been covered after you closed and for the next year.
the moral is.........careful what you wish for..........you now have an "as is" furnace and AC.
You say it was all working during the inspection - so - did you do a final walk thru prior to the closing???
If not......that was a big mistake.............apparently they were operable at one point, and broke afterwards........ that's.......tough luck..
Without proof of consumer fraud............what you see is what you bought.