Real Estate Broker/ RealtorÂ®
McAllister Homes Real Estate
Residential Sales & Property Management
For you, it is time to renegotiate with the seller.....which by the way is the bank.
I do hope you have tolerence for a little fix up, and sufficient cash to get the job done.
You may have just become the receipient of an opportunity that may prove extremely benefical.
Be aware, the property needs to be secured and access to the property is closely controlled and recorded, ohterwise calamity may continue.
Now if you are already getting a 'too good to be true' deal, proceed with caution.
This is where you need to be working with your real estate professional.
They will know the right stategy to pursue and the needed validation.
No, the listing agent isn't responsible. And I'm confident the agent is correct that the seller won't want to pay for replacements. However, if the seller has insurance on the property (which he should), some of the losses may be recoverable through that policy.
By the way, if there's anything of value left in the property, it'll be burglarized again. That includes copper pipes and copper wiring.
Hope that helps.
Since it is a short sale, the seller is getting nothing for the home, so they are unlikely to pay for appliances or repairs, at least ones that you will want. It may be possible to get the sellers bank to pay for some repairs, like the hot water heater or ACs, but I would not hold my breath. You have to decide if you still think the home is worth the purchase price.
Once again read your contract, the answer is there.
But, the seller should still have active homeowner's insurance on the property, so the insurance company should cover some, if not all of the loss.
Appliances that are built-in, like gas stoves are part of the property; those are not considered personal property. A refrigerator that plugs in is personal property. A built-in microwave is part of the property.
That being said, the seller is responsible to keep the property in the same condition as when you entered into contract. The seller has an obligation to replace the appliances, and they won't pay for it, so they need to contact their insurance company. As for personal property appliances, you'll need to negotiate on that probably, but you may end up buying one when you close. It's been 7 months, are you sure you're going to close?
Just know that prices are going up, so if you walk, you're going to be joining MANY buyers who feel that they're being priced out of the market while they've tried to get into a home over the last few months.
Whatever happens, good luck to you!