Quantcast

House buying question...

Discussion in 'The Lounge' started by loco-gringo, Sep 10, 2009.

  1. loco-gringo

    loco-gringo Crusading Clamp Monkey

    Rep/Likes:
    5 / 5
    Joined:
    Sep 27, 2006
    Messages:
    8,894
    Location:
    Deep in the heart of TEXAS
    I'm supposed to close on a house at 9 am tomorrow. I never mentioned it because I fully expect something to get f*#ked up, as it appears to have happened.

    One thing to fix was a leaking shower pan. Around that was a damaged sole plate, which was noted on the inspection. It also stated there was a damaged sole plate at the rear of the house. It was listed as below...

    E. Walls (Interior & Exterior)

    Comments:

    Damaged sole plates at the rear of the house by the back door and in the corner by the shower.


    They did not fix the sole plate near the back door. We are to close in the morning. After taking several things that my agent (who I think dropped several balls) I'm just pissed. Is this a time where they didn't comply to their part of the contract and you can walk away, or do I just have to suck it up??? I will make sure they fix it if I buy it, but I wonder what breaks the deal for them.

    What a pain in the f*#king ass this whole deal has been. I would always rent, given the circumstances. :rant:

    Any good advice is appreciated.
     

    Please register to disable this ad.

  2. Sherpa

    Sherpa Basking in fail.

    Rep/Likes:
    4 / 0
    Joined:
    Jan 28, 2004
    Messages:
    2,241
    Location:
    Arkansaw
    You act like you don't deserve this.......
     
  3. loco-gringo

    loco-gringo Crusading Clamp Monkey

    Rep/Likes:
    5 / 5
    Joined:
    Sep 27, 2006
    Messages:
    8,894
    Location:
    Deep in the heart of TEXAS
    Your unhelpful comments yielded this result..."f*#k off frat boy". :rant:
     
  4. gonefirefightin

    gonefirefightin free wieners

    Rep/Likes:
    26 / 102
    Joined:
    Feb 5, 2007
    Messages:
    6,695
    Location:
    Surrounded by Police in a hail of gunfire
    you cant close without signatures, go in there in the morning and bring these items up. if they arent corrected or written in the contract to be done in a certain time frame you dont close....

    trust me, they will take care of it quick especially in this market
     
  5. loco-gringo

    loco-gringo Crusading Clamp Monkey

    Rep/Likes:
    5 / 5
    Joined:
    Sep 27, 2006
    Messages:
    8,894
    Location:
    Deep in the heart of TEXAS
    Kind of what I'm thinking. Thanks for your advice.
     
  6. drkenan

    drkenan anti-dentite

    Rep/Likes:
    4 / 0
    Joined:
    Oct 1, 2006
    Messages:
    3,455
    Location:
    west asheville
    Yep - your contract should be null and void if they didn't fix these things. Either get them to pay the value of your repairs + time in closing costs or have it fixed before you close.

    I had to put off the closing on an office condo that I recently bought because of a similar situation. Just make sure if it gets delayed that you communicate this to the lender because they can also withdraw their loan.
     
  7. Pesqueeb

    Pesqueeb bicycle in airplane hangar

    Rep/Likes:
    435 / 3,117
    Joined:
    Feb 2, 2007
    Messages:
    26,361
    Location:
    Riding the baggage carousel.
    :stupid:
    Make them fix it. I assume at some point they signed something saying they would fix the noted discrepancies? Even if they didn't, I personally wouldn't sign sh!t until its fixed. Don't be afraid to walk away, Like GFF says, its a great market to be buying, you have the advantage in this situation. Especially if water damage is involved, that's a huge headache and expense that you don't need especially after just purchasing the place. And if your Realtor has dropped the ball and this place doesn't work out, kick them to the curb also. The Realtor works for you. Make him earn it, especially in this market.
     
  8. maddog17

    maddog17 Turbo Monkey

    Rep/Likes:
    17 / 81
    Joined:
    Jan 20, 2008
    Messages:
    2,764
    Location:
    Methuen, Mass. U.S.A.
    was it written in the contract that those things would be fixed? not sure how or if housing laws are there but here in mass, things that are on the inspection don't have to be fixed if the seller doesn't want to do it. it must be agreed on ahead of signing the P&S agreement. if your seller agreed to fix those and didn't then you should be able to walk away from the deal. otherwise i'd probably ask for some type of credit towards you getting it done by someone who you trust to do it right.
     
  9. Brian HCM#1

    Brian HCM#1 MMMMMMMMM BEER!!!!!!!!!!

    Rep/Likes:
    5 / 12
    Joined:
    Sep 7, 2001
    Messages:
    31,211
    Location:
    Bay Area, California
    Here in California if it's in a contract they must do it before you sign off on it. If you're having trouble with your agent, go directly to his/her broker (boss).
     
  10. loco-gringo

    loco-gringo Crusading Clamp Monkey

    Rep/Likes:
    5 / 5
    Joined:
    Sep 27, 2006
    Messages:
    8,894
    Location:
    Deep in the heart of TEXAS
    They signed an amendment. It noted two places in the inspection, which was translated to a plural of sole plates on the amendment. They appear to have repaired the one at the shower, but not the rear wall. They fixed one, not two. They had the inspection noting both locations, so they shouldn't be able to claim ignorance. Regardless, it should be fixed. My contract appears to have an a) or b) choice. A) is to give 15 days to fix it, or B)terminate the contract and receive my earnest money back. I'm not sure if I have to allow the 15 days. I also think they have to leave curtains and rods, which they appear to have bastardized, basically. I'm paying more than I really want, but like the house. However, since they reversed their choices on some verbal things (which I know I can't do anything about), I'm not just going to continue to let them f*#k me around. I don't have to buy a house right now.
     
  11. stoney

    stoney Part of the unwashed, middle-American horde

    Rep/Likes:
    117 / 1,118
    Joined:
    Jul 26, 2006
    Messages:
    13,291
    Location:
    Colorado
    Prices will continue to go down as banks bring more REO / non-foreclosed properties to the mkt. That being said, I do expect rates to go up... It's you market though. remember that.
     
  12. Brian HCM#1

    Brian HCM#1 MMMMMMMMM BEER!!!!!!!!!!

    Rep/Likes:
    5 / 12
    Joined:
    Sep 7, 2001
    Messages:
    31,211
    Location:
    Bay Area, California
    Not here in the Bay Area, sale are up as well as prices.
     
  13. RUFUS

    RUFUS e-douche of the year

    Rep/Likes:
    5 / 0
    Joined:
    Dec 1, 2006
    Messages:
    3,527
    Location:
    Denver, CO
    There is more than one house out there. You cannot get emotionally attached to this one. If you don't like how things are going and you can't get things done quickly and correctly, walk.
     
  14. stoney

    stoney Part of the unwashed, middle-American horde

    Rep/Likes:
    117 / 1,118
    Joined:
    Jul 26, 2006
    Messages:
    13,291
    Location:
    Colorado
    You really don't want to see the on-hold foreclosure numbers in the Bay Area. There is a reason why we are still holding cash and saving, not buying.
     
  15. -dustin

    -dustin boring

    Rep/Likes:
    6 / 0
    Joined:
    Jun 10, 2002
    Messages:
    7,166
    Location:
    austin
    Co-worker is in the process of buying a home. Given just these experiences, Mandi and I must've gotten off nicely. Our purchase was very smooth.

    But anyway, if they haven't kept up their end of the deal, do not sign.

    Who paid for the home inspection?
     
  16. johnbryanpeters

    Rep/Likes:
    243 / 2,625
    Joined:
    Sep 27, 2001
    Messages:
    24,751
    Location:
    Making moss sad in New Haven, Vermont
    Negotiate a cost for the sill repair, take it off the purchase price and have it fixed after you buy - you may get a better repair out of it.
     
  17. TreeSaw

    TreeSaw Mama Monkey

    Rep/Likes:
    41 / 428
    Joined:
    Oct 30, 2003
    Messages:
    16,678
    Location:
    Dancin' over rocks n' roots!
    Excellent advice here! I hope everything works out for you. We had some issues with our closing as well and it didn't cost us anything (except time and headache) and worked out in our favor! Good luck!
     
  18. Da Peach

    Da Peach Outwitted by a rodent

    Rep/Likes:
    118 / 1,250
    Joined:
    Jul 2, 2002
    Messages:
    12,336
    Location:
    North Van
    Just remember: the customer is always right.
     
  19. TreeSaw

    TreeSaw Mama Monkey

    Rep/Likes:
    41 / 428
    Joined:
    Oct 30, 2003
    Messages:
    16,678
    Location:
    Dancin' over rocks n' roots!
    LOL! Now I am singing a Backyardigans song "the customer is always right" :rofl: in my head!!! I really need a life!
     
  20. Wumpus

    Wumpus makes avatars better

    Rep/Likes:
    29 / 153
    Joined:
    Dec 25, 2003
    Messages:
    8,170
    Location:
    Six Shooter Junction
    :stupid:

    Really. How much could a 'sole' plate cost?

     
  21. dante

    dante Unabomber

    Rep/Likes:
    11 / 8
    Joined:
    Feb 13, 2004
    Messages:
    8,998
    Location:
    looking for classic NE singletrack
    *Every* single article you read on housing prices / market has some quote by a person along the lines of "We're struggling now, but we're going to keep trying to make the payments until the market recovers in a couple years and we can sell..." There's a lot of foreclosed homes on the market right now, with more coming on in the next couple years. But even more than that, there's a TON of people just waiting for any increase in housing prices to dump their home for a profit (or less of a loss). As those homes come on the market, it'll keep prices low for years to come. Case in point:

    http://online.wsj.com/article/SB10001424052970204731804574388683272200844.html

    If everybody's waiting for the market to improve a little bit before they try to sell, prices aren't going anywhere (up) anytime soon.

    Of course, with 5% mortgage rates and an $8,000 first time home buyer's credit, it might still make sense to buy something now in the right market. But I'd be shocked if housing prices appreciate any more than 3%/year for the next 10 years minimum...
     
  22. Brian HCM#1

    Brian HCM#1 MMMMMMMMM BEER!!!!!!!!!!

    Rep/Likes:
    5 / 12
    Joined:
    Sep 7, 2001
    Messages:
    31,211
    Location:
    Bay Area, California
    I'm aware of it, however home sales are WAY above from what everyone thought. Things are moving, especially for first time home buyers.
     
  23. Total Heckler

    Total Heckler Beer and Bike Enthusiast

    Rep/Likes:
    12 / 18
    Joined:
    Apr 28, 2005
    Messages:
    8,090
    Location:
    Santa Cruz, CA
    Its still amazing to me that people like you can buy a house.

    But I guess in Texas everything is bigger and cheaper since its such a awful place to live.


    But seriously, good luck or something...
     
  24. SkaredShtles

    SkaredShtles I love NEWCASTLE and will ONLY drink NEWCASTLE!!!!

    Rep/Likes:
    249 / 1,933
    Joined:
    Sep 21, 2003
    Messages:
    46,583
    Location:
    In a van.... down by the river
    This man has the CORRECT answer.

    The seller will try to get by with the cheapest repair possible. Which means you'll likely have problems sooner rather than later with it again.

    When we bought our house the inspection noted a crack in the heat exchanger in the furnace. Instead of insisting the seller put in a new furnace we got them to agree on an "allowance" which basically amounted to a lower purchase price. And we got a GOOD furnace instead of the cheapest-a$$ furnace the seller could find.
     
  25. loco-gringo

    loco-gringo Crusading Clamp Monkey

    Rep/Likes:
    5 / 5
    Joined:
    Sep 27, 2006
    Messages:
    8,894
    Location:
    Deep in the heart of TEXAS
    Well...we bought it. Turns out they had a repair guy there when we were over this morning. It is one of my customers that was doing the work. I felt ok with it. They also agreed to leave the curtains rods so Julie was happy. Still a pain in the ass.
     
  26. stevew

    stevew unique white person

    Rep/Likes:
    249 / 2,325
    Joined:
    Sep 21, 2001
    Messages:
    31,387
    can we un-ban Pete to celebrate this joyous occasion?
     
  27. johnbryanpeters

    Rep/Likes:
    243 / 2,625
    Joined:
    Sep 27, 2001
    Messages:
    24,751
    Location:
    Making moss sad in New Haven, Vermont
    If you think this is a PITA wait until you have been a home owner for a few years. It ain't all gravy.
     
  28. I Are Baboon

    I Are Baboon Run, Forrest, Run!

    Rep/Likes:
    152 / 1,342
    Joined:
    Aug 6, 2001
    Messages:
    29,027
    Location:
    MTB New England
    Congrats on the house purchase, loco...I think.
     
  29. TN

    TN Hey baby, want a hot dog?

    Rep/Likes:
    99 / 861
    Joined:
    Jul 9, 2002
    Messages:
    13,204
    Location:
    Jimtown, CO
    your agent plays with your balls?
    i am getting a raw deal with my agent! :rant:
     
  30. TreeSaw

    TreeSaw Mama Monkey

    Rep/Likes:
    41 / 428
    Joined:
    Oct 30, 2003
    Messages:
    16,678
    Location:
    Dancin' over rocks n' roots!
    Congratulations and welcome to the "I have no time to do anything but maintain my home" club!
     
  31. eaterofdog

    eaterofdog ass grabber

    Rep/Likes:
    12 / 21
    Joined:
    Sep 8, 2006
    Messages:
    6,914
    Location:
    Central Florida
    Congratulations loco
     
  32. loco-gringo

    loco-gringo Crusading Clamp Monkey

    Rep/Likes:
    5 / 5
    Joined:
    Sep 27, 2006
    Messages:
    8,894
    Location:
    Deep in the heart of TEXAS
    Thanks guys.
     
  33. -dustin

    -dustin boring

    Rep/Likes:
    6 / 0
    Joined:
    Jun 10, 2002
    Messages:
    7,166
    Location:
    austin
    or the "I have no money to buy a tube for bike 'cause I just dropped $8gs on a new patio, but damn it's going to be badass" club.
     
  34. maddog17

    maddog17 Turbo Monkey

    Rep/Likes:
    17 / 81
    Joined:
    Jan 20, 2008
    Messages:
    2,764
    Location:
    Methuen, Mass. U.S.A.
    walk away then. it's a buyers market right now and you should be able to find something that you like but is also at a price you want to pay. don't deal with any BS when it comes to fixing stuff. i learned that in my first purchase. i was told the basement didn't get water only to get water a few months after we were in the house and my neighbor told me they had always gotten water because they had hoses out to the street. my fault for never getting it in writting.


    edit: ooopsie. guess i should read thru all the posts b4 posting. congrats on the house! as long as your happy with it then it's all good. plus your paying the mortgage not me so in the end you have to be happy with it.
     
    #34 -   Sep 11, 2009
    Last edited: Sep 11, 2009
  35. Serial Midget

    Serial Midget Al Bundy

    Rep/Likes:
    130 / 1,353
    Joined:
    Jun 25, 2002
    Messages:
    12,736
    Location:
    Fort of Rio Grande
    After all this I hope it has a bad ass garage!
     
  36. loco-gringo

    loco-gringo Crusading Clamp Monkey

    Rep/Likes:
    5 / 5
    Joined:
    Sep 27, 2006
    Messages:
    8,894
    Location:
    Deep in the heart of TEXAS
    450 sq ft...I'm excited about that. Maybe I should tile the floor like Pete.
     
  37. Serial Midget

    Serial Midget Al Bundy

    Rep/Likes:
    130 / 1,353
    Joined:
    Jun 25, 2002
    Messages:
    12,736
    Location:
    Fort of Rio Grande
    Nice. When will pics be available?
     
  38. Ciaran

    Ciaran Fear my banana

    Rep/Likes:
    6 / 8
    Joined:
    Apr 5, 2004
    Messages:
    9,853
    Location:
    So Cal
    Congrats Loco! Pix please!
     
  39. Wumpus

    Wumpus makes avatars better

    Rep/Likes:
    29 / 153
    Joined:
    Dec 25, 2003
    Messages:
    8,170
    Location:
    Six Shooter Junction
    When's the party?
     
  40. Quo Fan

    Quo Fan don't make me kick your ass

    Rep/Likes:
    38 / 36
    Joined:
    Mar 31, 2006
    Messages:
    5,959
    Location:
    Here. I'm just not sure where "here" is.
    Congrats!