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06-04-2011, 11:10 AM #1
Renter
- Join Date
- Jun 2011
- Posts
- 1
house not fit for inspection
Hi folks, Long story, but any advice is greatly appreciated. Newly married daughter (23) wants to buy house. I suggested finding something needing some work so they would have some sweat equity to weather any further home price declines. We are helping financially and offered to do whatever to make the house nice. Get together with agent well known to me and have worked with before. He makes them aware of sketchy areas based on crime, schools etc. They only have 105K so that’s hard. Agent is reluctant to show them stuff in the bad areas so they get upset and tell him they want to work with somebody else. The somebody else is an agent friend of son in laws mother. New agent tells the couple the first agent could lose his license for telling them about crime stat website and that the best way to evaluate an area is to drive around it!?!?! Wife and I go to Florida for week and the couple makes an offer on a house with no discussion with us (offer accepted). Naturally the house is 3 blocks from the seediest strip in town (all bars and strip clubs). The schools are terrible (middle school ranks 285th out of 314 in the state). Also the house is a flip with long list of shortcuts noted. Schedule inspection. Inspector arrives to find electric service unhooked. Owner had masthead replaced and did not pass inspection obviously. Huge red flag IMO. Before I can say anything the agent gets seller to add 10 days to allow inspection time. Inspector is coming back on the 10th day of that period June 10th. As of today service is still unhooked and see no work done. My question is can they walk away and get their good faith money back if service is not restored by then and house cant be inspected. My preferred inspector will not reschedule again.
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06-06-2011, 05:37 AM #2
Moderator
- Join Date
- Sep 2007
- Location
- Outer Banks
- Posts
- 1,281
The first agent did exactly what they were supposed to do when they sent their clients to the crime stat website.
The new agent is only interested in a commission.
As to whether they can walk if the house does not have electricity on in time for the inspection really depends on what it says in the contract.
Technically, if the house does not have electricity it can not pass the inspection and the deal should die but it really depends on the wording of the contract.
Even if they can't get their good faith money back you should withdraw your support for this house and kill the deal. Throwing good money after bad never fixes a problem and in real estate the only thing that can not be fixed or changed on a house is the location.Your Outer Banks real estate agent. Learn how to buy Outer Banks foreclosures.



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