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??

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Randy Hooker, Agent, Chandler, AZ
Fri Feb 6, 2009
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!

1 vote
Mario Micheli, Agent, Cave Creek, AZ
Sun Jul 14, 2013
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
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Carlos Ramir…, Agent, Mesa, AZ
Fri Feb 6, 2009

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!

ABR - Accredited Buyer Representative
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Paul Welden, Agent, Scottsdale, AZ
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.

Buyer's Agent
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Justin & Kat…, , Hickory, NC
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
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