…And it’s for exactly $1000 more than what we’re paying for the place. Which is pretty much irrelevant; we were only worried that it would appraise for less.
There’s a list of recommended repairs, of course, all of which we were aware of and had plans for. Now the appraisal goes to the underwriters, and we get to wait and see what they require before the sale.
I suspect that the sellers are neither willing nor able to make any of the repairs — if they were they would have done so long ago since the issues are obvious. I’m hoping that my email detailing what we plan to do on day one after taking possession but before occupying the premises helps mollify the underwriters; but if not we might be in the position on having to go on the property before we own it to fix things.
Stress stress stress.
#1 by moses on August 17, 2009 - 12:22 pm
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Just be sure your gap before occupation isn’t too long, or the insurance underwriters will be the ones taking issue. It’s pretty standard to require occupation within 10 days or less. We had our electrics replaced when we bought our first house, and the insurance guy couldn’t see that all our crap was in the garage and we had a tent pitched in the back yard because the house wasn’t really habitable in that state; he only saw empty rooms with lots of holes in the walls when he looked through the windows, so they tried to give us a hard time about it.
#2 by The wife on August 17, 2009 - 1:04 pm
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“if they were they would have done so long ago since the issues are obvious.”
Also it just may be a situation of laziness. These issues didn’t impede living there so they were never done. These are people that stashed trash and pop cans in there stove rather throwing them in the trash.. Being ‘on top of things’ is not exactly their forte.