Post # 1
Say for instance you put an offer on a house, they won’t fix anything, namely the electrical that needs to be fixed. We say fine but we would like to close ASAP. What happens if the house ends up burning down or just a part of it burns before closing? Does the sale just stop? Is it the sellers responsibility to pay for everything or the buyers responsibility?
Post # 3
So you’re buying a house in ‘as is’ condition, but has it been inspected? Are the sellers giving you any credit towards repairs at closing?
If it burns down before settlement, the owners/sellers are responsible (or their homeowner’s insurance co. will be), since they still retain ownership.
Post # 4
you gonna burn down a house?? lol! just kidding! if its before closing then the sellers are responsible 🙂
Post # 5
If you haven’t closed, or signed papers, it is the seller’s house. You’ve got zero responsibility. Unless you set it on fire =) LOL
But I’d make sure you get the house inspected. If it’s not up to code, they might be required to fix it so it DOES meet code.
Post # 6
Thanks ladies- I didn’t want to be in deep doo doo if it was on our end 🙂
It has been inspected but they refuse to fix the electrical stuff. No credit at closing at the moment. It would be as is if they don’t offer to fix anything.
Post # 7
Maybe you can get them to get a home protection plan/warrenty. Our sellers got this for us. It was about $500 for a year.
It’s like AHS home warrenty, I think! They pay the fee, and then if you need something fixed in the first year that was there WHEN you bought the house, you pay a small fee to have someone come out and fix it! In MO our fee is $60 per contractor, and we got our A/C fixed!
Might be something to look into.
Also keep in mind that this is a buyers market, and people don’t really get an option to be nasty when it comes to selling their house! If they don’t fix the electricity, instead demand that the sell price be lowered. It’s one way or the other sista! =)
Good luck! Sometimes sellers are terrible to deal with!
Post # 8
Honestly, if they aren’t working with you on this, I think you should walk or threaten to. There are a lot of homes for same that are good deals, you are going to end up paying money out to fix this electrical problem in addition to paying a higher price for the home.
Post # 9
I agree with this—->There are a lot of homes for same that are good deals, you are going to end up paying money out to fix this electrical problem in addition to paying a higher price for the home.
That above is the reason I walked on the last home before I got the one I have now. I wasn’t paying a lot for a house, then have to add stuff on just to make it livable, especially when they knew the problem was there.
Post # 10
let me just tell you this… I bought my house almost 2 years ago… we didnt think there was anything MAJOR to do… uh ended up gutting the whole house down to the studs… and one problem led to the next… just saying if you KNOW it has issues a head of time… I say RUN!!!!!!!!!!!!! but if its a really good deal and its work putting the time and effort and money into then buyer be warned…. It almost ruined our relationship it was a year of torture… BUT our house is beautiful, and everything is what we chose from the carpet, the hardwood, the colors etc… even where the light switches are in the rooms… Theres pros and cons good luck!
Post # 11
Thanks again everyone.
The amount will be taken out on either the price or a credit. It would be much easier and probably cheaper on their end if they would just do it themselves but the sellers are stupid…this has already been made clear 😉
I don’t know if the electrical people were smoking weed or what but the electrical is wacky in that whole neighborhood.