LIFamilies.com - Long Island, NY


RSS
Articles Business Directory Blog Real Estate Community Forum Shop My Family Contests

Log In Chat Index Search Rules Lingo Create Account

Quick navigation:   

Might loose the house we are in contract for

Posted By Message

Mrs007
Im obsessed w my lil man!

Member since 3/09

2528 total posts

Name:
K

Might loose the house we are in contract for

OK so the seller is having problems with us since we requested that she close a pool permit which was opened (there is no pool) and get a proper CO for a dormer (apparently she has one for the shell but not for the rooms i think?) She is getting frustrated at all these things that we are asking her to settle before closing and we are afraid she is going to back out. There is a little more to the story, (like her attorney is an idiot and making this woman crazy!!) but i dont want to bore you with the specifics.

We signed the contract, but she has not. I keep on telling myself that if its meant to be, its meant to be but we love the house and the location, even started planning what we were going to renovate first and it just seems like our dream is not going to be a reality. Ive already taken time off work to go to the inspection and we are going to sit down with a mortgage guy this weekend...I just hope all this is not for nothing!

Has anyone else been through a similar situation???

Posted 4/4/09 12:13 AM
 
Long Island Weddings
Long Island's Largest Bridal Resource
  |   Prudential Douglas Elliman Real Estate

Jackie24
~We Did it~

Member since 7/06

6718 total posts

Name:
Jackie

Re: Might loose the house we are in contract for

I have not been in this situation, but like you said, it will work itself out. I know you are frustrated right now but in the end you will be happy with the results. Chat Icon

Posted 4/4/09 1:59 AM
 

kabr13
LIF Toddler

Member since 2/09

470 total posts

Name:

Re: Might loose the house we are in contract for

When we were looking at houses one of the houses we liked wouldnt get a proper CO for the garage they made into a room. We walked away, to us they were shady and we just didnt want to get involved in that and besides didnt want to deal with our taxes going up.

Posted 4/4/09 9:52 AM
 

SweetTooth
I'm a tired mommy!

Member since 12/05

20105 total posts

Name:
Lauren

Re: Might loose the house we are in contract for

We were in contract for a house and the seller was giving us issues about getting a CO for the garage conversion and deck. Also their attorney was very nasty and was very rude to our attorney, so she recommended not to continue with the deal, so we backed out. We eventually found another house.

ETA: this was after we had already had the inspection. It was VERY frustrating and upsetting esp since we had wasted $ on the inspection.

Message edited 4/4/2009 9:58:02 AM.

Posted 4/4/09 9:56 AM
 

SweetestOfPeas
J'taime Paris!

Member since 3/06

32345 total posts

Name:

Re: Might loose the house we are in contract for

a few yrs ago we put in an offer on a condo, the seller was a real azz!

he had an illegal deck w/o permits and refused to tear it down.

we backed out. and it was the BEST decision! we would have ended up buying at the absolute HEIGHT of the housing market and would have been stuck with an over-priced condo.

so, I thank GOD the seller was an azz! Chat Icon

good luck w/your situation. I hope it works out for you! but sometimes, things happen for a reason.

Message edited 4/4/2009 11:28:06 AM.

Posted 4/4/09 11:27 AM
 

waiting4ablessing
Love my kids!!

Member since 11/08

4351 total posts

Name:

Re: Might loose the house we are in contract for

if she doesnt sign, then shes an idiot, JMO. because if its not going to be you that requests it, its going to be the next set of buyers kwim. she'll HAVE to get it done sooner or later to get the house sold so she might as well do it now and not waste any more time on the market. banks are strict nowadways with CO's and permits so regardless of WHO buys the house, she'll have to get it done.

sellers like this really pizz me off. they dont realize how good theyve got it till its gone.

good luck!

Posted 4/4/09 11:43 AM
 

MsSissy
xoxoxo

Member since 3/07

39159 total posts

Name:

Re: Might loose the house we are in contract for

This happened to friends of ours when they bought their house. They used the money is Escrow to get all the CO taken care of once they were in the house. They had problems with the garage, deck, apt in the basement and a few other things. Once they would fix 1 thing an inspector would come and find something else wrong that needed to be taken care of. It was a royal PITA and they said they would NEVER recommened it to anyoneChat Icon

Posted 4/4/09 12:12 PM
 

philsdeezy
LIF Adolescent

Member since 12/06

643 total posts

Name:
Dee

Re: Might loose the house we are in contract for

You can always hold money in escrow at time of closing and give her more time to clear things up. We did it and it worked out.

Posted 4/4/09 3:39 PM
 

Sherwood
LIF Adult

Member since 8/08

1643 total posts

Name:
s

Re: Might loose the house we are in contract for

We were in a very similar situation, we just hadnt signed the contract yet. The guy had done all this work on the house himself and didnt bother to get any of the CO's, which we found out after the inspection. We didnt want to wait until he got around to getting the CO's, plus our taxes would have gone up and we had no idea what our costs would be until the CO's were done. Unfortunately we were so emotionally invested in the house by this point, so it was devastating when we had to pull out.

BUT, we are so thankful that we didnt get that house, because we found a house that we liked even better, which we now own!

Posted 4/4/09 8:55 PM
 

LINewbie
Tigger the the Rescue!

Member since 8/08

5647 total posts

Name:
LB

Re: Might loose the house we are in contract for

Oh yeah. We were told the extra rooms and basement had the COs.. because the seller LIED to his RA and lawyer.. Chat Icon literally two days before we were to sign the contracts suddenly everything changed and they couldn't get the CO for the bedroom without the basement being fixed to get its COs OR unless we ripped it all up Chat Icon

We should have walked but we didn't, we had no clue. We ended up getting some money from them so we could fix the basement and get the COs, but it was a PITA (needed a varaince as well) and 5 months later we're still going through the process.

There are several reasons why we shoulda walked, and I wish we had sometimes! Good luck!!

Posted 4/5/09 12:46 PM
 

Mrs007
Im obsessed w my lil man!

Member since 3/09

2528 total posts

Name:
K

Re: Might loose the house we are in contract for

Posted by Mssissy

This happened to friends of ours when they bought their house. They used the money is Escrow to get all the CO taken care of once they were in the house. They had problems with the garage, deck, apt in the basement and a few other things. Once they would fix 1 thing an inspector would come and find something else wrong that needed to be taken care of. It was a royal PITA and they said they would NEVER recommened it to anyoneChat Icon



This is good to know because we were considering doing this. I was talking to someone about it today and they advised we dont do this because you are just inheriting other peoples paperwork...

Posted 4/5/09 10:05 PM
 

imyself

Member since 10/06

2938 total posts

Name:
me

Re: Might loose the house we are in contract for

Do not take the house without proper CO's. When we bought our home the owner was getting the co's for an extension she put on. Everything turned out ok for us and she got the CO's in time but she had some help getting them pushed through the town. We refused the house without CO's because you will have to legalize it at some point. If it was not done correctly things will have to be taken down. It has to have the correct amount of outlets or you will have to add more. The windows have to be a certain minimum size. Let the owner pay the arch to draw up the plans and pay for all the inspections. You should not have to.

Posted 4/6/09 9:33 AM
 

JldDolphin

Member since 1/07

6929 total posts

Name:
Jen

Re: Might loose the house we are in contract for

This happened to us, but they did get the CO's in the end. We had to wait for their lawyer to take care of everything, but they were able to get all of them, so sometimes these things work out, but if they are not willing to get the CO's taken care of to sell their home then I might walk away. A lot of banks won't give you a mortgage unless all these things are taken care of before hand. GL! But if it does fall through, then it wasn't meant to be and maybe it was for a good reason. There will be another house......a better house if it doesn't happen. Lots of luck! Chat Icon

Posted 4/6/09 9:51 AM
 
 

Potentially Related Topics:

Topic Posted By Started Replies Forum
Did anybody lose a house because they did not move quickly enough to get a contract?? MrsFlatbread 1/19/07 14 Home
If a house is in contract cat1977 10/26/06 12 Home
Just bought a house and need oil contract... msrsfeb 9/14/06 8 Home
We might be buying a house!!!!!**WE're in CONTRACT!!!** HereWeGoAgain 1/30/06 8 Home
We may go into contract with our dream house next week! MrsS1126 1/5/06 13 Home
i need house selling vibes!! we signed the contract!! MetsGirl07 10/1/08 21 Home
 
Quick navigation:   
Currently 772758 users on the LIFamilies.com Chat
New Businesses
1 More Rep
Carleton Hall of East Islip
J&A Building Services
LaraMae Health Coaching
Sonic Wellness
Julbaby Photography LLC
Ideal Uniforms
Teresa Geraghty Photography
Camelot Dream Homes
Long Island Wedding Boutique
MB Febus- Rodan & Fields
Camp Harbor
Market America-Shop.com
ACM Basement Waterproofing
Travel Tom

      Follow LIWeddings on Facebook

      Follow LIFamilies on Twitter
Long Island Bridal Shows