Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
The seller is under no obligation to do any repairs. They have no legal obligation to have you do repairs on their home. Why they'd want to blow a deal is beyond me, but it is their house.
Typically in this case the sale fails because the house won't qualify for financing. At least in Oregon, you'd get your earnest money back and be out inspection and appraisal fees. That's why it is extremely important for folks doing VA loans to work with agents that do a lot of them. We know what to look for to avoid this exact situation.
I even got a bank to do repairs I knew would come up on an appraisal because I pre-negotiated those repairs.
In the State of Georgia, we have something called the "Responsibility to Cooperate". It basically states that all parties agree to, in a timely manner, fulfill all terms of the contract. So even if the Seller(s) refuse to make the repairs, the guidelines of your VA Loan require for the item(s) to be repaired prior to closing.
What does the Listing Agent say about allowing access? It seems like a win-win situation for the Seller. The repairs are paid by the Buyer and they still get to close. If the Seller doesn't cooperate, then you would be out your appraisal and inspection fees in most cases and the contract would be null and void.
We are still waiting on an answer. We were told that the seller wouldn't do the repairs and we told our Realtor that we would do the repairs ourselves. She called and let the other agent know and we are waiting on her approval to let us go and do the repairs.
I am in Louisiana. Do you know if there is a "Responsibility to Cooperate" in my state?
Sorry - I have no idea what the contract states in the state of Louisiana. My best guess would be yes. Check with your Agent and/or the copy of the offer you made.
Like Silverfall and I stated, I don't know why the Seller wouldn't cooperate as it's no money out of their own pocket.
...Like Silverfall and I stated, I don't know why the Seller wouldn't cooperate as it's no money out of their own pocket.
I recently negotiated with a bank seller to allow my client access for minor FHA repairs. They had to sign a letter stating they would not be reimbursed for any repair costs if house did not close, had to be supervised by listing agent, and had to use a licensed contractor. Fortunately they had a friend that was licensed and helped to do the repairs. Got repairs done and house closed.
After I bought house basement needs $6,000 basement repair. Is it to late to do anything?
This seems like a situation completely unrelated to the old thread you posted on. I would post your own new thread to get better answers to your situation.
Answers you get here may end up mixed in with discussion about the prior post which might be confusing.
If a seller is not willing to make repairs and offers the house "as is" an agent should not write a VA or FHA contract. I wold never advise a buyer to make the repairs themselves be fore closing. The only exception is if the lender allows a certain amount to remain in escrow until repairs are made by the buyer after close.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.