Spring is just around the corner and with its arrival begins anew the perennial search for second homes in the Lakes Region. Among the area's favored locations for permanent housing and getaway
This week is a great time to take a peak at the moon over Lake Winnipesaukee. Joanna, Owner of the Hair Factory, A Great Hair Stylist, sent me this photo...How Pretty and just one of the beautiful sights
Every now and then, just by chance, you discover something new, special, and unexpected about the Lakes Region. This month, I discovered the Chamberlain-Reynolds Memorial Forest. It is really
The term "lanai" may be open for interpretation.....additional information would be necessary to obtain a meaningful answer.
Normally, the best resource for accurate square footage information is the tax records. Consider accessing this information. Normally, lanais that are not under the central AC system are not considered in the square footage.
At the very bottom of each MLS listing sheet, the following disclosure is posted:"Information deemed reliable but not guaranteed. Properties are advised to verify."... more
you can ask to get out of it or have them lower the price by the aprice per squar foot the house is worth multiplied by how many miossing square feet there are. Did you match the mlos listiing with the tax card? if not contact the assessors office and request a copy of teh tax card which will have the layout of the house, dimensions and square footage. Your best bet is to seek an attorneys advise if you wish to seek legal remedies against either.... more
It depends, did you purchase it through a Realtor, or from the builder directly. The info that is on the mls sheet usually has a disclaimer for errors. Also, when the appraisal went out, they appraised it at 1527. They are the ones that figure out the SF. So the price that you paid for it represents the right square footage.
On the other hand, talk to an attorney. Don't know what one would say. Is $5500 worth it? Attorney fees can easily equal that or more.... more
Sounds like you are describing a classic tale of marginal communication between a greedy seller and a remorseful buyer. Realtors generally point out the transaction deposit is at risk should the buyer fail to perform--and the transaction is at risk should the seller fail to perform (in making or contracting for repairs as agreed to in writing--repairs that turn out to be incomplete or less than professional). Realtors are not lawyers but their wording requesting inspection related repairs or upgrades is key in this area, and must be clear. And at this time in the transaction, the agents will agree a large deposit is helpful in keeping the deal in place.
My experience is that in NH when a buyer chooses not to buy a property (for whatever reason) there are enough loopholes in our contracts to allow him to get out. (Expect a letter from the buyer's mortgage company, cancelling his mortgage approval, or a letter from his lawyer--at least.) Or if the deposit is small enough, (something mortgage companies have been allowing) the buyer will simply walk away.
My thought is to get the buyer and seller and their agents into the same room and see if this debacle can be worked out--because the next step is interpleader--real estate court--and that's expensive, time consuming and usually unfair to all parties--interpleader will freeze the seller's right to sell to others and often simply "cuts the baby in half".
Without knowing the whole story, I would say both parties need to refocus on making the transaction work.
Dane Hahn... more