First it depends on your contract. If you have a Residential Standard Contract. You can back out of the contract with earnest money to be returned to you. (look under Remedies Paragraph 13) You may also make the title escrow money and hold money out of the sellers funds to pay for those items and any issue that you may run into. It all depends what you have in writing. Paragraph 7 states that the Seller agrees to provide to Buyer at Closing a certification from Laclede Gas, not dated more than 30 days til closing. Paragraph 9 states that the seller shall pay for(where applicable municipal, conservation district and fire district inspection fees. I would be talking to your agent about this issue. Do not close until the issue is resolved either in escrow or the items are completed. If you need anymore help Vince, give me a call at 314-280-9996.
One good way that I get the word out to all agents in my area is by using "Service Your Listing" flyers. Go to their website to fill in all information at www.serviceyourlisting.com. It costs about $25, but it goes by e-mail to all agents in your target areas. Good luck!... more