Buying A Home
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Seller hasnt made repairs yet
We are supposed to close on Monday but the seller hasn't had the repairs done yet and no word for when they ate scheduled (licensed electrician and chimney contractors required).
I won't close until they are done but is there any repercussion to the seller for not getting them done in time? It's going to be really annoying to wait around for it. We had a 45 day close do it's not like there wasn't enough time.
***Nestie Bestie w/ TheDeatons***
Re: Seller hasnt made repairs yet
But, honestly, if there's extensive work (electrical & chimney) that hasn't even been scheduled yet and you're supposed to close in two business days, I'd be very concerned that this could drag out forever.
DS1 born June 2008 | m/c at 9w March 2011 | DS2 born April 2012
I agree with the PP about getting an extension to the contract (as not to let it lapse on your part) and try to get a daily fee for it dragging on.
but on the same note- DH & I were just in a similar situation and ended up walking away after 118 days. They just kept draggin thing after thing out and then had some pretty bad work done to the house by and unlicensed person who they tried to pass off as a licensed person on fake letterhead. I wish we had cut our losses & walked away quicker. We ended up losing about 3K on repeat inspections, appraisal, etc. If they aren't holding up their end of the deal, I would definately reconsider. I am still heartbroken after losing "our house" but it wasn't worth the headache.