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Who is responsible for securing a house after you sign contract and before closing?

I have a home under contract and with deposit, for the last 2 months.  Since then the home has  been vandalize twice with a estimated repair cost of 6K. Kitchen destroyed, plumbing pulled from the kitchen and bath Can I pull out and get my deposit back or do I have to continue with the sale and live without a functioning  kitchen,bath and no water?
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June 20 2013 - Miami
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Answers (5)

Read your contract, at the time of the "walk through" you may have the right not to accept the home.I suggest you contact a Real Estate attorney in order to get out of this contract or re-negotiate the terms, you should speak with your realtor about it. I also work in an attorney office, if your realtor can't help you one of our attorneys might but try reading through your contract and have your realtor solve the issue for you
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June 27 2013
In the contract there is the possession date and time, usually at the time of close of escrow. There is also a walk through, usually 5 days before possession. Until then the Seller is responsible for the house.
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June 25 2013
As you say, you have a contract.  Read it carefully.  It will contain wording that covers this contingency.  If it does not, then contact a real estate lawyer.
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June 25 2013
The seller is responsible to deliver a home that is in the same condition that the buyer saw when they wrote the purchase agreement. If the home is no longer in the same condition, you have a right to request repairs or a cancellation of the contract.

Additionally if your lender hasn't done their appraisal, they will require a test of the plumbing (which no longer exists). If they can't, the loan won't fund.
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June 20 2013
Mia, I'm sorry. That sounds terrible. You should consult with a Realtor or attorney in your area. Here in Colorado, the buyer has the right to back out of the contract if that happens. They would also get their deposit back. I suspect you have similar laws in Florida so you can probably get out of the contract and get your deposit back but double check with a local expert.
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June 20 2013
 
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