Google
Think Glink
Web
 
Articles by Ilyce

Buying a Home - Don't Skip the Final Walk-Through

REM # A606

By Ilyce R. Glink

Summary: When you're buying a home, don't skip the final walk-through inspections prior to closing. It's your last opportunity to inspect the home and make sure the seller has lived up to all their obligations.

Q: I recently bought a home in Blaine, Washington. On the front page of the sale agreement it was stated that the electric free standing fireplace was to be left in the house as part of the purchase agreement.

When I got possession of the home the fireplace was gone. The seller says she sold it and would give me 100 dollars instead. I have priced similar pieces and they range from $1,200 dollars and up. The seller has now moved to Canada.
 

Whose responsibility is it to put things right? Mine or the seller’s agent?

A: It looks to me like the seller should be responsible for making sure you’re made whole. But let's back up a moment.

You should have done a final walk-through of the property just before you closed on it and after the sellers had already moved out. If you had done this final walk-through you would have noticed that the fireplace was missing before you paid for the property.

Your strongest position was while you were still holding the money. You could have demanded that the seller return the fireplace before you closed on the property. If you took possession after closing, you could have held back money in an escrow account with the title company or escrow closing agent that would have ensured the seller did no harm to the property.

Now let's move into the present. Obviously, if the contract stated specifically that the fireplace was to remain, and the seller took it anyway, then you probably have the right to sue the seller to return the fireplace.

If the fireplace costs $1,200 to replace, an offer of $100 is ludicrous. You should provide the seller with a photo of a similar fireplace along with the price and demand in writing that he pay up.

If he doesn't, you can pursue the seller in small claims court. Unfortunately, that doesn't mean you'll get anywhere, particularly since the seller now lives in another country.

You should talk to an attorney about your legal options and make a decision on how to pursue the seller. Next time, remember to walk-through the property before you close.

NOTE: This column is distributed by Real Estate Matters Syndicate, PO Box 366, Glencoe, Illinois, 60022. This column may not be resold, reprinted, resyndicated or redistributed without written permission from the publisher.

Thinkglink Popular Stories...

Quit Claim Deed Transfers Property Taxes
Quit-Claim Deed Question
Deed in Lieu of Foreclosure Will Hurt Credit Rating
Buying a House - Problems After the Closing
Home Remodeling Costs

Link to This Article

Like what you've read? Spread the word! You can link to this article from your website by copying the following code and adding it to a page on your website:

 

Ilyce
Ilyce

  • Recommended Stories..
  • Refinancing With Poor Credit Score
  • Building Out Your Closet on a Budget
  • Buying a House with Bad Credit
  • Buy Rental Property With Home Equity Loan
  • Bi-Monthly Mortgage Payments
  • Looking At A Seller’s Closing Costs
  • Retirement Accounts Questions
  • Capital Gains Tax Question
  • How Do Reverse Mortgages Work?
  • WGN-TV Show Notes -- February 28, 2001
  • 1031 Exchange to Avoid Capital Gains Taxes
  • Loan Qualification Question
  • Dealing with Synthetic Stucco Homes
  • Buying A Used Car
  • Tenants By The Entireties
  • 401(k) Open Enrollment
  • Creditors "Charged Off" Credit Account
  • How Do Reverse Mortgages Work?