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#16
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You have no right to inspection when buying a property, its whatever the buyer and seller agree on.
Sounds like the seller is trying to get rid of you, it just depends on how badly you want this property now. OTOH if you do have a signed contract by both parties you can hold the sellers feet to the fire and honor it. Contracts are enforceable if they chose not to sell sue them and you will most likely win. If the seller agreed in the contract to give you inspection powers within X number of days, well use it. Consult your attorney here... I have done some really SOB things in this area but that are within the law and gotten away with it. One time with a Cat excavator...but I got my perk tests!
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2006 CL500 2009 C300 4matic 1969 280SE 2023 Ram 1500 2007 Tiara 3200 Last edited by Hatterasguy; 03-18-2014 at 10:23 PM. |
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#17
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For example if my gross yearly rent is say $180k for a project, I can get that, holding costs that's another $10k for taxes and utilities, and $50k in legal fees....sue wisely NIMBY...sue wisely...
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2006 CL500 2009 C300 4matic 1969 280SE 2023 Ram 1500 2007 Tiara 3200 |
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#18
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I was with my right hand man Rick so I said OK, then told Rick loudly what I might be willing to do if they wanted to avoid a lot more legal fees. the next day I had an offer on my desk and we shortly thereafter settled, saving me 2500 to 3500 in legal fees (actually saving the neighbor twice that much because I am pretty sure he would have lost....but I'd always settle instead of taking my chances in court.) Sometimes things work out.
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[SIGPIC] Diesel loving autocrossing grandpa Architect. 08 Dodge 3/4 ton with Cummins & six speed; I have had about 35 benzes. I have a 39 Studebaker Coupe Express pickup in which I have had installed a 617 turbo and a five speed manual. [SIGPIC]..I also have a 427 Cobra replica with an aluminum chassis. |
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#19
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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. Last edited by barry12345; 03-19-2014 at 12:10 AM. |
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#20
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just another form of pestilence that enjoys wooden structure buildings, and would like humanity for providing so many tasty morsels. Similar to carpenter ants, termites, ect. I freak out more about them, because they seem to have a certain style of eating the wood, like the bore a little hole and eat out the inside of the timber, leaving a veneer surface. Whereas termites and carpenter ants leave way more exterior damage, the powderpost beetle leaves like a speckled effect. Seems a little easier to miss damage from them, at least to me Powderpost beetle - Wikipedia, the free encyclopedia
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This post brought to you by Carl's Jr. |
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#21
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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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This post brought to you by Carl's Jr. |
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#22
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get out. and, once you do, don't use the agent you have in this deal. they are either an idiot or lazy
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#23
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I have pulled out of this crazy deal.
The stupidities that Im coming to hear are mind boggling, The seller now wants a lease in for 4 days but without a deposit (lol) - Im not the United Nations here. I expressed my mind in the best of formal english diction - because the seller agent is not even registering it as "option pending" saying that such papers are signed every day - they dont mean anything (This was the last nail in the coffin). I cancelled it right there pressing on breach of contract of "inspection date". Furthermore the sellers agent was more interested in "my buyer wants to see some sort of assurance in the form of money" - my argument was this. If Im spending money to hire a pro inspector to check the house - what do you think Im upto? I certainly am not bidding on a locked door am I? - btw I was offering full asking price which is right at par with the market.
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2012 BMW X5 (Beef + Granite suspension model) 1995 E300D - The original humming machine (consumed by Flood 2017) 2000 E320 - The evolution (consumed by flood 2017) |
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#24
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[rant] What scares me, is that all parties involved with our house hunt so far are always surprised when we show up with flashlights. Apparently people make offers on houses without looking in basements, attics, or under sinks. "Why yes, I would love to pay $320k for this 1910 house with a water feature in the basement and an asbestos-filled crawlspace under the other 75% of the house" [/rant]
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$60 OM617 Blank Exhaust Flanges $110 OM606 Blank Exhaust Flanges No merc at the moment |
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#25
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#26
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Depends if its a deal and/or if I have a lot of due diligence money already tied up, sure.
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2006 CL500 2009 C300 4matic 1969 280SE 2023 Ram 1500 2007 Tiara 3200 |
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