Closing tomorrow. The seller requests fuel reimbursement (propane) at closing. It indeed is stated in P&S : "At the time for performance of this Agreement adjustments shall be made as of the date of performance for current real estate taxes, fuel value and water rates. The net total of such adjustments shall be added to or deducted from the purchase price payable by the BUYER at the time for performance." My issue is -- I opened the account with the same propane company and have paid the full tank of propane. The company told me once the seller closes his account with them, he will get reimbursed for the fuel he hasn't used. The seller ordered a half tank of propane delivery this past weekend, which costs $600. I am pretty upset right now because it seems the seller's trying to get reimbursed twice ( by the Propane company and me). I am in the process of contacting the propane company to see if any can be done. But any advice? I will pay the seller if I have to but seller has been very very difficult all along , this just adds fuel to it. Please excuse me if this question doesn't make much sense or the answer is obvious. Thank you .
thanks, Troy. that's a good point.
I am in Masschusetts. I read the P&S as all of you suggested, it sounds like I have to provide written notice to the sellers if I did NOT get the loan. Thank you everyone for replying.Ai
No, there isn't any contingency. Thank you.
The seller converted the two-car garage into living space. We would like to convert it back to garage . He obtained the permit from the town but the work is never signed off. So in town's record, it's an incomplete project.If we keep the status quo ( keep the converted garage as living space), do we need notify the town and have somebody to sign it off?If we convert the space back to garage, do we need obtain a new permit from the town? Thank you.
Need recommendation for a good liscensed electrician serving Amesbury, MA area. We need clean up some reversed outlets, loose wires as a result of the seller's amateur work ; also we would like to install a venting system in the bathroom. Thank you.
My loan has bee approved by the underwriter and I have received the loan commitment letter. Should the sellers be notified of the loan approval? I asked my agent and he told me no; but it sounds a bit strange to me. I were the seller, I would want to know so I could plan accordingly. Should they be notified of the loan approval?Thank you.
purchase price is $3900 less than asking price, it is based on the 5 year old roof. The purchase price includes $6000 closing cost that the seller has agreed to pay.The point here is the seller stated the roof was replaced within last 5 years. One would expect the old layer was removed and a new layer was put on. However, it was the second layer adding on to the existing layer , half was done 7-8 years ago and the other half was done 5 years ago --- that is not the same as " roof replaced within past 5 years". The seller did the job himself, and there was no building permit pulled, and his work lacks workmanship, he even didn't use the nails of right size. With that work, we are looking to REPLACE the entire roof in a very near future ( within 2-3 years) and potential repairs in the between --- that's not what to be expected if a roof is truly 5 years old. Frustrated with the BA because it feels like he is negotiating me rahter than the seller.
Could you kindly explain 17% and 10% of what number ? the repair cost ? or the house price?
Bernard... I agree " demand" isn't a good word to use here... Thank you.