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Old 03-19-2014, 07:44 AM
JB3 JB3 is offline
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Join Date: Jan 2010
Location: RI
Posts: 7,461
Quote:
Originally Posted by barry12345 View Post
Being a slow thinker bells are sometimes late to ring. On further reflexion I really do not like the vendors approach. I suspect he may be maneuvering to screw you out of your deposit one way or another. He also wants a larger deposit to screw you out of as well.

Be very careful and try to find out something about his background if you decide to persist. I suspect there just might be title problems as well. There is something wrong somewhere. Taking something as is could include a bad title. Or a real property problem with a neighbor. There are so many possibilities.

I get this feeling the vendor may know the deal will not be completed. Even if it is his fault that agreement he wanted signed may still have cost you your increased deposit.

Non inspection of a home in todays world is almost unknown unless it is an obvious fixer upper. Perhaps at a dirt cheap price that reflects everything.

The seller of a house is still usually in good shape as the average inspector if not incompetent seems limited except for very obvious things. I am sure there are some good ones but not around my neck of the woods.

I am only mentioning these things as possibilities. I have been involved in some pretty shakey real estate deals in my time. Fortunatly I picked up things even my lawyers had missed.

We could have been burned otherwise. You would not buy a car as a general rule from a suspected crook. I feel buying a house deserves the same consideration. He has already breached your joint agreement. Get your deposit back and forget this house. This may take a lawyer to get but I hope not.
I employ an inspector that I have come to really appreciate. Luck of the draw for me, because he was only the second inspector I ever hired, and hes expensive, but the stuff this guy notices has saved me a fortune in emergency repair money so far on two buildings I used him on, as well as negotiation with the seller on big issues.

Both times the sellers agent starting complaining about the amount of time the inspector was in the property. Up to and including 4-5 hours.

I then get in my email a 50 page document that not only lists every broken window latch, every door that does not close fully, and every brass pipe with a white spot that needs replacement, but has pictures of every trouble spot as well, along with details of exacty where, and in full color. Best use of an I-pad I have yet seen.

I just take his list and go right down it and set up a repair schedule, and nail all the little issues one at a time. All the big issues I can use as negotiation leverage
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