(Closed) Would we be stupid to close?

posted 6 years ago in Home
Post # 3
Member
2063 posts
Buzzing bee
  • Wedding: August 2012

Sounds fair to me!

Post # 4
Member
2725 posts
Sugar bee
  • Wedding: November 2011

I wouldn’t worry too much about it! I’m not really sure how much storm shutters cost though if they did not get them to you…

Post # 5
Member
7291 posts
Busy Beekeeper
  • Wedding: October 2011

Honestly, sounds like you got your bases covered with that clause! I say close!

Post # 6
Member
955 posts
Busy bee
  • Wedding: December 2012

I’d follow your realtors advice.  Good luck and congrats!

Post # 8
Member
2190 posts
Buzzing bee
  • Wedding: June 2011

I’d be nervous that the work isn’t done…if you don’t take the 2 weeks to wait on the seller and if you choose to walk away, won’t you be without a place to live that way too?

Also, I would feel guilty for not mentioning this so I just want to add–we put offers in on two houses that had been flipped by investors and we bought one of them. I know you’ve had an inspection and another one for the FHA loan but if you can just spend an extra hour in the house really looking closely at all the renovations. We’ve had so many problems with our house since the seller’s were just try make a quick buck, but no one saw all the flaws that we have since living in the house. The work that has been done is pretty poor and luckily we saw that with the first house that was also flipped that we put an offer on. Darling Husband and I have said we’ll never buy a flipped house again. We’ll be buying a house that has been maintained or new for our second house. I really don’t want to be negative or let my experience effect anyone else’s but just be cautious.

Post # 9
Member
1749 posts
Bumble bee

@ladyfingers:  As long as all major things are done I would go ahead and close. Did they provide you a 12 month warranty with the sell of the house? I may ask for that just for good measure. 

Post # 12
Member
750 posts
Busy bee
  • Wedding: November 2012

If you’re worried about the amount being right for compensating you should you have to deal with the storm shutters yourself, you should make a couple of phone calls to local companies who do that sort of thing. See if you can get a few rough estimates. If everyone says over $1500, then you need to ask for more to be kept back.

Good luck!

Post # 13
Member
7291 posts
Busy Beekeeper
  • Wedding: October 2011

@ladyfingers:  We bought a foreclosure in Florida, but it had only been built  3-4 years before our purchase We got a good inspection and it was concrete (CBS) so it was pretty solid. We had to go through and paint, carpet, hardwood floor, spruce the garden and buy appliances, toilets etc

Honesty I think most any house that you find with a  ” newly something or other” has obviously been done on a budget with the idea to flip or make more appealing. I think most important is good  electrical, plumbing,  check for health hazards ( mold, chinese drywal etc) and foundation. The rest is up to you on the quality of granite, or flooring and light fixtures etc. Florida is also pretty well known for cookie cutter housing, especially in developments. 

Post # 14
Member
2232 posts
Buzzing bee
  • Wedding: September 2012

I agree with the others in that you should listen to your realtor, she or he will know best how to deal with the situation so that you come out of this with the least headaches and problems.

Typically with flipped homes you will find more issues because the sellers/flippers are looking to make a quick buck. Since you’ve had re-inspection and things have been re-evaluated that should give you some peace of mind. I have been in thousands of homes and I can usually spot awful work the second I walk in. (Full disclosure, I am a realtor)

 

Post # 15
Member
4693 posts
Honey bee
  • Wedding: October 2013

If storm shutters are the same thing as hurricane shutters, then you can buy them for about $200-$300 per pair at Home Depot, so depending on how many windows are missing shutters $1500 should be enough.

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