Hi, the buyer pays for the inspection and the appraisal. If termites are found, the seller has to treat the home. The rest of it can be worked into the deal. Most sellers sell the homes in AS IS condition meaning loose floorboards, etc are the buyers responsibility. Termites are the only mandatory repair for the seller. Your attorney should work out the rest.
City Connections Realty
It depends on the verbiage in the lease itself. Your best bet would be to talk to a landlord tenant attorney to find out your legal rights.
Mitchell S. Feldman
Associate Broker/ Director of Sales/ e-Pro Realtor
Fillmore Real Estate
Office: (718) 252-2000/ Cell: (917) 805-0783
Email: MitchellSFeldman@aol.com... more
Good morning Tony,
The only person who can answer this question would be your Attorney. There are many factors involved that make each transaction unique, not the least of which is the contract of sale and its specific terms. That having been said, in direct response to your question: there is no "set" time for requesting your down payment to be returned.
PowerHouse Solutions, Inc.
1010 Northern Blvd. Suite 234
Great Neck NY 11021
Licensed Mortgage Banker – NYS Dept. of Financial Services
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Most people in this situation pay cash 12 months up front or give large security deposits up to 6 months even. With good income, this should not be a problem. I do not do rentals but I hope this helps!... more
The question is subjective and none of us can accurately predict the future; therefore why entertain what other people think or say, another's opinion may not be anywhere near the best thing for you--you decide...... more
I have a couple of buildings that might work for you. Please email me with your budget and I'll contact you if I have something that fits.
DRW Commercial Team
495 Atlantic Ave
Honestly Patrick I just did a search on line about the NACA program. Any realtor can work with you with that program (or so it seems). As I mentioned in another posting, I am a certified buyer representative. What this means to you is that I would be representing you, instead of the seller, in a buying transaction. I recently diid a sale in South Ozone Park where (although I cannot disclose the exact amount of the sales price at this time - because we're still in contract) I was able to save the buyer approximately $60,000 off the asking price.
Certified Buyer Representative
Senior Real Estate Specialist
Century 21 Princeton Properties
Top 2% of Century 21 Agents Nationwide!... more