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Answers (9)
- Michael Emery, "MikeEmery"
- Contributions:7298
If your agent is going to 'take care of it' make sure he/she takes care of it BEFORE you close.
There is no more empty a promise than one made by a real estate agent or homeowner prior to closing. If the problem isn't resolved before closing you will never see those appliances again.
By removing the appliances which are in the purchase agreement and which they've agreed go with the house, the seller has breached the contract.
There is no more empty a promise than one made by a real estate agent or homeowner prior to closing. If the problem isn't resolved before closing you will never see those appliances again.
By removing the appliances which are in the purchase agreement and which they've agreed go with the house, the seller has breached the contract.
- tankgirl334
- Contributions:3
The home is vacant and has been for a while. The appliances weren't brand new but they were in really great shape which was a major attraction. I love the house and have been watching it since it hit the market. The place needs alot of updates and spending the money to by new appliances isn't in the budget. I'm using VA so I can't get any extra money from the loan. It's my first home and I'm so afraid of getting taken advantage of. It feels like a really low blow.
- Michelle Rottach, "REMAX Agent in IA"
- Contributions:355
If the appliances are missing, I would certainly contact your agent and see if they can negotiate with the lien holder for a credit or ask that they be returned to the the property.
The lien holder accepts the offer based on what they will net after all expenses are paid. If their net is still within an acceptable percentage of the BPO/Appraisal after giving you an appliance credit, they may agree to it.
On some short sales there is a credit for moving that is given to the seller - maybe that can be used to replace the appliances.
Good luck!
.
The lien holder accepts the offer based on what they will net after all expenses are paid. If their net is still within an acceptable percentage of the BPO/Appraisal after giving you an appliance credit, they may agree to it.
On some short sales there is a credit for moving that is given to the seller - maybe that can be used to replace the appliances.
Good luck!
.
- Derek Zasaretti, "Derek_Zasaretti"
- Contributions:343
Melvin I am in agreeance with you and wetdawgs also. There is a difference if she based part of her offer on those appliances. If there was a Viking stove ,I would be concerned , but what's the chances of that?
If I am getting a 50 percent of deal , then the appliances are my least worry. But it would be great to have new apps. or a $1500 credit.
If I am getting a 50 percent of deal , then the appliances are my least worry. But it would be great to have new apps. or a $1500 credit.
- Melvin Barnes, "Mevin Barnes"
- Contributions:56
I'm in agreement with wetdawgs. If you really want the items, the best leverage you have is to refuse to move forward with the sale. Of course you have to decide how important this is to you, for example, if you're getting a home for $10K under market value then is $1500 - $2000 in appliances worth losing the home over?
- Derek Zasaretti, "Derek_Zasaretti"
- Contributions:343
Was the owner living there at the time or was it vacant?
The property is not in the same condition at the time of contract.
The bank can remedy the situation by offering a credit for the appliances or in some other way.
Bring this to your agent's attention pronto!
He can begin negotiations.
The property is not in the same condition at the time of contract.
The bank can remedy the situation by offering a credit for the appliances or in some other way.
Bring this to your agent's attention pronto!
He can begin negotiations.
- John Stewart, "nwhome.us"
- Contributions:2166
Take a look at the motivation levels in the deal, regardless of the agreements.
What motivation does the seller have of returning the items? One of their acquaintances may have taken them. How valuable were they as used appliances? I'd imagine that the police are going to have a difficult time following up on a theft of someone's own property (currently) (and I understand that that is arguable).
How motivated are you to buy the home and can you afford new appliances? How much is a new appliance package? $1,200? Do you mean that you wouldn't have paid $1,200 more for the home?
Focus on making sure that it doesn't happen again or move on to the next property.
What motivation does the seller have of returning the items? One of their acquaintances may have taken them. How valuable were they as used appliances? I'd imagine that the police are going to have a difficult time following up on a theft of someone's own property (currently) (and I understand that that is arguable).
How motivated are you to buy the home and can you afford new appliances? How much is a new appliance package? $1,200? Do you mean that you wouldn't have paid $1,200 more for the home?
Focus on making sure that it doesn't happen again or move on to the next property.
- tankgirl334
- Contributions:3
The agent said he would take care of it.
- wetdawgs
- Contributions:26851
Refuse to sign closing documents until this is resolved. What does your agent say?
What do i do when the seller in the short sale removes items that are in the purchase agreement?
The home is a short sale. We stopped by the house on the day the bank accepted our offer and the appliances that were itemized in the purchase agreement were missing.
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