I have been in such situation. The attorney can hold portion of settlement amount to seller until the agreed repairs are done. Or if buyer is agreed (which in most cases seller will love too), seller will pay estimated amount to the buyer to get the repairs done.... more
If the work to be done was specified in the P&S and there is language in there that allows you to back out based on a walk through / re-inspection then you should be ok. You definitely want to have a lawyer look at the paperwork. Here in Needham, Scott Taylor at Kriss Law is excellent. Good luck!... more
Did the attorney's come to an agreement prior to close? A hold back? Something in writing?
If none of the above your leverage/rights might be limited but certainly worth a call to your attorney for some guidance.
Territory Real Estate
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We always suggest to those doing FSBO you should still hire a buyer broker, it is 199+% worth it even if you have to pay them a small sum on the side to guide you through the process. It makes such a huge difference when determining value and when it comes to making decisions that will protect your interests (like the example you are posting here)
Your attorney should be able to answer this question no problem. There should be language in one of your contracts that allows you some recourse should the seller not do what was agreed upon.
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Your current house in Needham will always sell better with your possessions in it than if you wait to sell it when someone else is renting it. And the market is good right now so I would not hold on to it if you are moving out of state. As far as Annapolis goes, do you know family or friends that live there? If you had a personal contact who could steer you to the right school district and give you the inside scoop, interest rates are so low it would be nice to take advantage of buying and moving only once. I personally moved my family from Needham to Tampa, FL in the early 90s and there were a ton of executive single family rentals in great neighborhoods and there was so much building going on we weren't sure where to buy. Turns out that was a smart decision because the area was so overbuilt with new construction we would have lost money if we had bought a house because we were transferred back 2.5 years later and could just walk away. Renting with an option to buy could be a possibility if the market was oversaturated with listings. Do you mind packing and unpacking? How long will you be in Annapolis? Lots to think about but it is exciting to move and discover new places and Annapolis is sooo beautiful! Best of luck Paula... more
Hi A. Klein, what is your specific question? If you would like I can email you the sale prices on Breen St for the last 5 years. You can contact me through my website below or give me a call at 508-879-8999.
mdm realty... more