Good question. I would consult with a realtor in your area that have dealt with divorce cases. Have you tried searching www.UpNest.com? You can consult with a realtor in your local area for free and get your questions answered prior to signing a contract. Hope this helps!... more
Too many unanswered questions to say "yes" or "no" regarding buying this house. Your agent needs to do their homework for you and find out why it's been on so long. Overpricing and location may be the answer, but it could be there are other issue which require work or resolving.
What is owed on the home? What are the taxes? What is the assessed value? Have their been previous offers which were later rescinded? Has it been inspected and are the results available anywhere? Have you reviewed the seller's disclosure statement?
These are just a few questions that come to mind. Others will develop depending on the answers received.
If it's a solid house that was just mismarketed, overpriced for too long and is now within a reasonable value, it may be a good buy. If there are other issues, it may still be too high and an even lower offer may be worth trying. Hard to say without a lot more facts.... more
If the home owner knows that the home has Chinese drywall, they have to disclose it.
If you find a home you want to purchase, you would sign a contract with right to inspect. You have 15 days to get the property inspected. If the home inspector finds something suspicious, he/she will recommend a chinese drywall inspection be done. You, as the buyer, would have to pay for the home inspection as well as the chinese drywall inspection. You can also find an inspector that does both. If the inspector suspects it might have chinese drywall then he/she can go ahead and inspect for that as well. If chinese drywall is found and you do not want to pay to have it repaired, you have the right to cancel your purchase offer.
Tammy Hayes, Realtor, Sandals Realty, Punta Gorda, FL... more