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Home Buying in 30741 : Real Estate Advice

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  • Home Buying6
  • Home Selling2
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Activity 3
Mon Aug 13, 2012
Jennifer Luttman answered:
on the offer it states no later then Aug 31st ...my concern is this bank backing out on us just like the 1st one did..the 1st one backed out a hr after our inspection was over and they even had the appraisal check in hand already then called to tell us they couldn't do it and I am scared to death that this bank will find a reason to back out. The seller has already agreed to close as soon as the bank is ready as the house is empty at the moment and has been for months. We are moving states (aprox 45 miles) and with that comes new schools and other things and I tend to try to plan a little to much. I am just scared everything will fall apart and leave us in a bind as our home we are still in has already sold and we have to be out of here on Aug 31st. ... more
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Sat Mar 28, 2009
Lorie Gould answered:
A check cannot be made payable to you so another alternative to Linda's suggestion is to ask Lowes if they will reimburse you the deposit (partial payment) if you provide them with the check from escrow for the full amount of the carpet once the carpet is installed. I am sure that this option would sit better with Lowes. Lowes has a wonderful Realtor program so I hope that your Realtor provided you with a 10% off coupon to Lowes.

Congratulations on your new home!
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Sat Mar 28, 2009
Robin Lanese answered:
Ashley,

Jacqueline is right... If they knew. You must have hard proof that they deliberately and intentionally withheld that information.

Our Georgia contracts have been changed several times over the last few years. Proof of condition was the responsibilty of Seller. Sellers were required to provide buyer with any back-ground information and known current conditions in an attachment to the contract called the Seller's Disclosure Statement. Also property survey and termite letters, these are no long provided. Buyers were finding this practice to be a conflict of interest. The currently Georgia Association of Realtors (GAR) forms or standard contracts are written to in a way as to place responsibility in the hands of the buyer. This is called the "due diligent period". Unless you opt to purchase the property "as-is" meaning with all faults. Bank owned properties can't not provide Seller's Disclosure Statements since they have no knowledge of condition.

As for the mold, there are thousands of different types of mold and only a few are considered toxic. You can have a specialist to perform a remediation. In most cases, a good washing with soap and water then treat area with Clorox bleach often prevents its return. Although it will continue to return if you don't fix the source of moisture or leak in the first place.

I hope this helped. Good Luck

Robin Lanese, Realtor, ABR, CRC
Solid Source Reatly
Robin@RobinLanese.com
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