I put an offer on a house and it was accepted. After the inspection it was determined that some of the baseboards for the heating system were turned off, but I have yet to receive any information on how to turn them back on. Some other minor issues were brought to light, like a small amount of seepage from a sewer pipe and a dryer that's not vented propely.
My realtor is ready to have me sign contracts, but what should I do about these issues first?
Karen:
Does not sound like you have a buyer's agent because he/she would be acting in your best interests not the sellers. I personally would not have any contracts drawn up until and after the inspection is performed to your satisfaction. Not knowing why the baseboard was turned off is a red flag. Dirty water draining from a sewer pipe will need repair. I don't want to alarm you since I am not famaliar with the situation but this could cost some money depending upon where the leak is coming from. Just ask an excavator what his/her hourly charge is and that should curl your toes a little. What a buyer's agent would be doing at this point is negotiating with the seller via the selling agent. I'd say pick your battles and go for the most expensive repairs. All this should be agreed upon prior to the contract because it should be made a part of the contract, especially if the seller agress to the repairs or give you a credit towards the selling price. If you are not satisfied with the actions of your agent tell your attorney that you want certain items repaired before you sign the contract. Let us know the outcome.
WOW who is your realtor do you have an executed sales contract? Once inspection takes place during option period upon review of inspection report you file and formal amendment for seller request repair. Listing / buyers agent work out in concert with seller buyer these issues. All repairs must be completed prior to closing.
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Lynn911
Karen,
Is this an "AS IS" contract? Does your contract have a "repair Clause?" If it has a repair clause designated for identified repairs, your RE agent should request these issues be repaired at the expense of the seller prior to closing.
If not....you can still consider asking for the repairs...
Good luck
Hi Karen
It is strongly recommended that you consult an attorney prior to signing contracts. The contract in New York State is typically written by the sellers attorney so would be protective of the sellers interest in the sale. You should have your attorney review the contracts and then include any issues that you want addressed prior to purchasing, such as the heating system, the dryer and any leaks etc.
Keep in mind that the contract is a legally binding agreement, before signing be sure you are aware of what you are agreeing to.
With good legal representation it would seem that these are issues that can be handled.
We wish you the best of luck.
Barbara Carter
Exit Realty Services
!0 Main Street
New Paltz NY 12561
See a Real Estate Attorney for Legal Advice, see an Attorney if you do not understand what you are signing.
What does your Purchase Contract say about inspections? Is the contract "As Is, Subject to Inspections", or does your contract require the Seller to make necessary repairs, or allow you to re-negotiate based on items in the inspection report?
Ask the Real Estate Agent to clarify. If you do not understand, or if you disagree, see a Real Estate Attorney before signing any documents.
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Best wishes,
Fred
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