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I close next week. My contract says the fixtures, appliances and furnace and boiler must be in "working condition" at closing, and that the roof must be "free of leaks."
Sounds like the OPs situation is similar. If they are offering to repair, they should pay. If they are offering to split the cost of replacement, I would jump at it.
What "repair" means is where it gets sticky. Sounds like they want to "patch" it so it works for a few weeks while they get out of Dodge and declare it "working".
If you want a leg to stand on, get your own heating guy/plumber to give a prescription for a proper repair... better yet, get two. If the current situation could be classified as "hazardous," I'd have them include that in the paperwork. If they can address the current "patch" prescription as insufficient, that might help.
Bottom line, you need a pro to dispute what constitutes a valid "repair."
Can you negotiate a price reduction at this point? Or - have the sellers give you cash back at closing and you replace the furnace? I've seen closings where things like this work.
My home inspectors make sure the heat and AC is working regardless of what time of year it is. They crank up the heat to see if it passes inspection and then they do the same with the AC.
I close next week. My contract says the fixtures, appliances and furnace and boiler must be in "working condition" at closing, and that the roof must be "free of leaks."
Sounds like the OPs situation is similar. If they are offering to repair, they should pay. If they are offering to split the cost of replacement, I would jump at it.
What "repair" means is where it gets sticky. Sounds like they want to "patch" it so it works for a few weeks while they get out of Dodge and declare it "working".
If you want a leg to stand on, get your own heating guy/plumber to give a prescription for a proper repair... better yet, get two. If the current situation could be classified as "hazardous," I'd have them include that in the paperwork. If they can address the current "patch" prescription as insufficient, that might help.
Bottom line, you need a pro to dispute what constitutes a valid "repair."
Ditto here. If they're offering to split the difference just go for it JMO. You could close, it could completely break down and well . . . though the choice is yours, but I personally would just split the difference, be done with it and enjoy your new home. Unless as quoted above a professional determines that it is a valid repair - not just a quick fix, you know?
My home inspectors make sure the heat and AC is working regardless of what time of year it is. They crank up the heat to see if it passes inspection and then they do the same with the AC.
If it is too hot or too cold outside, that can be damaging to the unit.
Inspectors here put right into the inspection report if they are unable to test a system because of the outside temperature.
Yep agree with Drover...I don't think you'd have much of a case.
I have to disagree. He contracted to purchase a house with a working furnace. It has now become apparent that the furnace is not working.
My guess is that the seller doesn't have the money to lay out now, and/or doesn't want to take the time & effort to repair a furnace he will neer use.
If I were advising this buyer, I would suggest that they request the seller put money from the transaction into an escrow account, so the buyer can have the furnace replaced after closing. The amount requested should be at least the full amouont of the estimate that he has apparently gotten to do the required work.
If the seller says no to that, and you still really want this house, you can still consider his offer to split the repair.
Look at it this way - you WERE buying a 17 year old furnace. Once it is replaced you will be buying a NEW furnace. The seller probably could have done a quick easy repair to help it last until after the closing. Splitting the cost seems fair to me.
I don't know exactly how they are set up in oil or gas fired system but in coal boiler they have domestic hot water coil that might be 50 feet or longer that goes into the top of the boiler. This provides instant hot water so to speak, the longer the coil is the more GPM it can provide.
Good chance that is what is leaking if it's the same setup as a coal boiler becsue they have a gasket and usually when something starts leaking that is what it is.
Usually not that expensive to get fixed, have you asked what is broke and estimated cost?
This reaffirms my faith in mankind. The seller disclosed the problem and the extent of it, as required.
I am going to assume that the OP knew that the existing mechanical was not brand new and the agreed upon price reflected this. The OP now has an opportunity to get a new mechanical at half price. This strikes me as reasonable.
But these are unreasonable times.
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