inspection

[bagged123]

What is the name of your state? CT

I'm selling my house and the "buyers" and I agreed on the price, They then scheduled an inspection, which was done 5 days ago. My agent has yet to recieve a copy of the inspection report (note my house is 6 years old and looks the same today as it did when we closed on it). Our agent has called the buyers agent numerous times, sents emails, etc, and their agent has yet to respond to him. Now my question is, how long should it take from the time the inspection is completed to the time my agent and us see a copy of this report? They buyers stated that they would want to close on the house in 4 weeks or less and we're in week 2 after we accepted their offer and the sales contract was signed.

With them dragging their feet this and their agent not returning phone calls or emails, is there anything we can do or do we just have to ride it out? If the 4th week mark hits and we still do not hear anything, is there anything we can do?
They know we have to get a rent while our new house is being built and I have 3 kids to move and we can't do anything yet until talk to their agent and get a copy of this inspection.

thanks

[moburkes]

Who paid for the inspection? If your contract has (which it should) a penalty for not closing on time, then you will go by that.

[bagged123]

they paid for the inspection. I'm not sure if the contract has that in it or not. I'll ask my agent

[bagged123]

though there is no actual closing date, just 4 weeks from acceptance of offer

[HUD-1]

Typically, a completion date is set for a home inspection when it is a contingency of sale. If buyers do not provide you a copy of the inspection on or before this date, then they lose the right to void the contract based on the findings of the inspection. Your agent is getting a nice commission out of the deal, have them earn it by explaining this to you and pursuing the closing according to the contract. Ultimately the buyer's earnest money deposit, at the very least, is at risk if the dont close.

[bagged123]

What is the name of your state? CT
Ok, I finally got my inspection report on my house,it passed, but now the buyers agent is making comments that too much foundation is showing in the back of my house. NOTE: my house is on a hill and it has a walk out basement. So she is pushing for the buyers to ask for more money off of the price, also on the sales contract they did not a credit for the driveway that we were offering and now they want that credit due to their agent pushing them to get it. The inspection was done my Tiger inspection - anyone know or used these guys before?


my house: its 6 years old and we didn't pave the driveway yet so we were offering a credit.

Note: all the yards in my neighbor hood are all the same, meaning there is no slopes or hills going from yard to yard, its all even ground and every house on my side of the street has a walk out basement and all have the same amount of foundation showing.

So my question is, since the inspection came back fine no problems, but their agent is pushing for fixing to the backyard (fill and top soil added) is this a legtimate reason for them to back out of the deal if we do not agree to offer a credit for that?

If they do decide to backout due to this, is there anything I can do?

[FlyingRon]

The buyer's agent (or perhaps the buyers themselves) are trying to coerce you. Tell you agent that you are not going to renegotiate the price. The down side is they decide to breach the contract. If so, hopefully your contract calls for retaining the earnest money as liquidated damages. The other option is that they realize you called their bluff and close anyhow.

The time is long past to complain that they don't like something like this.

[bagged123]

ok, another update:

we did agree to do the original credit for the driveway and now they want a reciept to show when the last time the furnace was done. Now we do it every 6 months, but to I can't find a reciept for this. Now if I can find it, is this a valid reason for them to back out and again if they do, can I do anything legally against them?

[HUD-1]

If the contract had an inspection contingency and that inspection,including inspection of furnace, came out ok, then the contingency has been met and they cannot back out without penalty. Regarding the funace cleaning, first, the furnace is only 6 years old. Second, just tell them the truth, you dont have a receipt. If you want to bend over backwards, call the company that serviced it last and ask for a note on their letterhead.

[bagged123]

We told them we have no reciept and because we do COD we have no oil company on a regular basis so.

they're looking to back out without this reciept so if they try can they and can I do anything?

And yes the furnace passed inspection along with everything else

[Gadfly]

The recipt was not part of the original contract so demanding it now is just part of the whole trying to back out deal. Hold your ground. If you wish tell them the company that did the inspection and tell them to go look for it themselves. Tell your agent to do his job and bring the deal to the closing table.