Home Buying in 85053>Question Details

Colleen, Home Buyer in Phoenix, AZ

Trying to buy a home

Asked by Colleen, Phoenix, AZ Fri Feb 6, 2009

Hi, I put in a offer for a home,Iam using the City of Phoenix grant money, they accepted intial offer, when the add was sent stating that the City of Phoenix, inspection may take longer than the 10 day grace period, and if it did not pass inspection the deal would not go through, they simply put the house back on market and didnt call my agent, it is a freddie mac home, anyone else know how to get the contracts to go through???or dealt with City of Phoenix inspections??

Help the community by answering this question:

Answers

5
Hey Colleen...

When you mentioned "your agent," were you referencing your own Realtor that's representing you as your Buyer's Agent? If not, then I would highly recommend that you secure the services of your on Buyer's Agent.

Without knowing more details about the contract, the addendum and the City of Phoenix stipulations, I would not be doing you a service by offering an opinion. But in general terms, if the only issue is the length of the inspection period, then it would seem that you might be able to re-submit your offer and try to negotiate a new inspection period with Freddie Mac. Does that sound reasonable? But again, discuss it with your Buyer's Agent. Otherwise, let me know if I can help in any other way.

Best of luck!

...randy
1 vote Thank Flag Link Fri Feb 6, 2009
I can help you with the City-owned Neighborhood Stabilization Program. Up to $15,000 in assistance and no competition with investors. Give me a call to discuss.

Mario Micheli
Nextage Realty Professionals
480-440-0077
LinkedIn Profile: http://www.linkedin.com/in/hiremario
0 votes Thank Flag Link Sun Jul 14, 2013
Collen,

What you are describing does not sound right. The bank should know that if the property does not pass the inspection the deal is cancelled, and I have never had an issue with asking for a few more days for an inspections extension. Did your agent talk with the seller's agent? Are they giving any reason for their actions? Are you sure the property will pass the inspections?

The only thing that comes to my mind is that the bank might know that the property will not pass the inspections. In the future make sure that your agent get all those issues clarified, and set the expectations before placing an offer, to avoid this kind of surprises.

Good luck!

Carlos
ABR - Accredited Buyer Representative
0 votes Thank Flag Link Fri Feb 6, 2009
Hi Colleen,

We're missing a lot of information that we'll need in order to give you advice. I've helped buyers with the city of Phoenix grant program. Are you talking about the ADDI program? Call me to discuss.

---
PAUL WELDEN
Buyer's Agent
HomeSmart
480-241-0081
0 votes Thank Flag Link Fri Feb 6, 2009
I suggest you work with a Realtor. They can help you through the entire process!

Katie Keisler
The Keisler Real Estate Team
Realty Executives of Hickory
0 votes Thank Flag Link Fri Feb 6, 2009
Search Advice
Ask our community a question
Email me when…

Learn more

Copyright © 2015 Trulia, Inc. All rights reserved.   |  
Have a question? Visit our Help Center to find the answer