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Old 02-14-2013, 07:43 AM
 
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Because it's winter, buyers of our home are concerned that they can't inspect the swimming pool or know that it works. The pool was built in 1987. They want us to put money in escrow for pool repairs after closing. I have a firm rule that no monies survive closing and we have no reason to make any financial concessions on the pool in the contract. We have offered to put them in touch with our longtime pool company to discuss the pool's condition (working fine as of its closing last October). We have offered to provide them with a thick file of records showing that we have maintained the pool professionally and have made equipment upgrades, as necessary. We have not prevented them from doing their own additional inspection of the pool, at their own expense, provided they put the pool back in the condition in which they found it. I've also seen that it may be possible for them to buy some sort of homeowner's insurance on the pool.


Does anyone have thoughts on this?
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Old 02-14-2013, 08:00 AM
 
Location: El Dorado Hills, CA
3,724 posts, read 9,219,043 times
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I agree with the not leaving money in escrow after the close. However, if it's really a sticking issue and threatens the sale of you home, you need to assess the market conditions and your personal situation to see if it's worth putting up the extra cash for a while. Limit it to something reasonable.

Are they buying a home warranty (or are you buying one for them)? It might be worth adding that into the contract, prices vary by region but here a home warranty plus pool runs about $525. However, that only covers the cost of equipment like the pump, it won't cover leaks or other major issues.

Good luck.
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Old 03-30-2015, 03:46 AM
 
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Default swimming pool inspection (sale, insurance, prices, escrow)

Today for a Swimming Pool Repair service, The labor rate is less the $50/ man hour so it seems like a big amount for any ordinary person who is going to have repair of his swimming pool. Retail labor rates of shop time is now over $100 for many union shops so you need to think about how soon you want the pool working and how much the friendships are worth.
Check local swimming pool supply stores for new and rebuilt units. You might be surprised. If one can rebuild it and you can install it you'll save significantly. There are usually only two water connection plus the electricity. Mine has only two o-rings that need to be replaced if you break the connections and they're cheap. But, then again, my pump is a 2.5 hp and the motor burned out. To replace the motor and rebuild the pump cost more than your friend is charging you.
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