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Updated over 14 years ago, 05/13/2010

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Property deficiencies prior to closing

Stephen Gathman
Posted

We have a short sale that is scheduled to close on May 28th.
We just had the 20 year old home inspected and the AC and furnace are not working.
The seller had a repair guy there when the inspector was and they are getting parts to fix them. The systems look to be original equipment.

Also, the water pressure is kind of low. It is on a well. You wouldn't easily be able to take a shower and use other significant water sources simultaneously.

What kind of leverage, if any, do we have in this short sale to make sure these things are fixed and in good repair prior to closing?

Can we force the bank (BOA), seller or maybe even realtor to get them right for us? The seller knows people who can repair, but doesn't have a ton of money anyway.

Thanks

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