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Old 09-03-2015, 04:37 PM
 
8 posts, read 3,409 times
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So I should find an honest contractor that could do a walkthrough and give me an estimation. Would they need to be state certified? Should I try to get it in writing so the seller could accept my offer? What about the things I can't check, like the wiring and plumbing, because the utilities are off? I want to make sure that I have a contingency in the contract so I can get my earnest money back if FHA/USDA says no. Though, I am worried the seller might not accept the contract if I have contingencies.
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Old 09-03-2015, 04:39 PM
 
Location: North Beach, MD on the Chesapeake
32,172 posts, read 39,311,449 times
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Quote:
Originally Posted by leblackstock View Post
So I should find an honest contractor that could do a walkthrough and give me an estimation. Would they need to be state certified? Should I try to get it in writing so the seller could accept my offer? What about the things I can't check, like the wiring and plumbing, because the utilities are off? I want to make sure that I have a contingency in the contract so I can get my earnest money back if FHA/USDA says no. Though, I am worried the seller might not accept the contract if I have contingencies.
Local custom will differ so you really need to talk to your agent about these things.
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Old 09-03-2015, 04:44 PM
 
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I have, and she gave up, she said the selling agent said the repairs would cost too much. I don't want to give up without a concrete reason. I guess I need to talk to a few local contractors. Once I have a realistic estimate, I'll just take the next step. Thank you all for the advice, I really appreciate it.
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Old 09-04-2015, 10:08 AM
 
2,599 posts, read 2,984,796 times
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Originally Posted by leblackstock View Post
I have, and she gave up, she said the selling agent said the repairs would cost too much. I don't want to give up without a concrete reason. I guess I need to talk to a few local contractors. Once I have a realistic estimate, I'll just take the next step. Thank you all for the advice, I really appreciate it.

Excuse me? Your agent is telling you what the other agent said to brush you off? Why the h* are you dealing with this agent? The buyer's agent is supposed to be your ADVOCATE.

Get.an.agent.that.deals.with.foreclosures. Your agent is not knowledgeable enough to take you through this very specific process of a home that needs a special loan, evaluation that needs to be done upfront, etc. Many agents who deal in this arena could refer you to a few different contractors that they have had dealings with in the past. You're dealing with someone that is out of their league on this one, I think, and may be encouraging you to move on because she does not have the expertise to deal with this deal.

I also would not worry about contingencies. If the seller will not accept contingencies, believe me, the seller is doing you a favor. The seller knows what you don't know. For example, if all that was needed was superficial repair and a damaged roof, that would be fine. There may be other damage you do not know about like foundational damage, etc. Also, if it has a basement, get a specialist to go and take a look - mold issues from bad basements are renowned in Georgia. You don't want any part of that. If it has stucco, get a specialist to evaluate it. You don't want any stucco issues either. A regular general contractor may not be knowledgeable to adequately inspect these aspects.

It is bizarre that the seller's agent is brushing you off. I wonder if the seller's agent has an investor lined up that he/she wants to sell the house to? Interesting. Have your New agent call the broker.
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Old 09-04-2015, 10:26 AM
 
Location: North Beach, MD on the Chesapeake
32,172 posts, read 39,311,449 times
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Originally Posted by LovelySummer View Post
..............................

It is bizarre that the seller's agent is brushing you off. I wonder if the seller's agent has an investor lined up that he/she wants to sell the house to? Interesting. Have your New agent call the broker.
That was my thought, too, about having an investor lined up. My gut (having watched things around here for a few decades) is that this happens more often than anyone knows or admits.
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