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 What do you think of this move out deposit? |
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 I was willed a home that is upside down on the loan? |
what options do i have?
I cant afford to keep it...can i just tell countrywide to take it???... |
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 Flatmare refusing to pay rent.? |
My flatmate is refusing to pay rent, however she has signed a joint lease but the rent comes off my account.
She quit her job and now has no money but she's refusing to contribute ot rent, ... |
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 Can i sue my previous landlord for this? |
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| I have just fitted a kitchen for a customer and they are refusing to pay. The kitchen was fitted last week and the money was due today but they say there is a scach on the work top so they are not ... |
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If i buy a house for 300k, put down 30k and get a loan/mortgage for the remaining $270k . if 1 year later
i pay off a big amount of about 50-60k on the loan, will that help my loan payments at ... |
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 How to change from a 30 yr mortgage to 15 year? |
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Can this be right? The loan ... |
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 My lease ends July but, my apartment says I cannot get out of the lease until September.....? |
| My lease ends July but, my apartment says I cannot get out of the lease until September because I didn't give them a heads that I was leaving on July. Is that true?... |
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 Once the old house is purchased how many years can you sew last owner for hidden faults? |
| we bought the house last year only to find out that the floors are completly rotten under ceramic tiles as well as the floor in the basement under carpet. Rotting is due to water entering over ... |
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 For all builders out there honest questions no stupid ones? |
| we hv just moved into property owned by housing assoc brand new were told not to do anything repairs for a year time is up now by law what should they be doing bearing in mind there are cracks ... |
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 How low will House Prices crash to? |
| How much are house prices going to drop in the next year? First time buyers need up to 50% to make them affordable... will they get there?... |
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 Landlord Issues!!!!!!!!!? |
Our Landlord comes round all the time to check up on us - thinks were ruining the place but the letting agent thinks our house is neat and tidy.
Its getting a bit annoying having him come ... |
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| Double standard with mortgages? Why did my "friend" tell me that I wouldn't get approved for mortgage? |
| Okay my friend is 18, in college, and works at BEST BUY(she has savings though) yet she got approved for a $200K mortgage with $40K down. (the house is for her + her mom; she's splitting the ... |
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 What does 1.5 bathrooms mean? |
I am trying to rent a room in another city for the first time.
i found a room in a shared townhouse that says:
- One big bedroom in a 4 bedroom townhouse
- 1.5 bathrooms
I dont ... |
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| Mortgage interest rate. Should I lock now? |
| I applied for a mortgage today and got a rate of 6.0% if I lock today (I still did not). This is a 30 year/fixed, 20% downpayment and I have to pay down 2.75 points to get this rate. There is no ... |
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shan12277 | Is a hombuyer obligated to give a seller a copy of the home inspection? |
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Stella Meredith
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I would think it's not necessary for the buyer to provide documentation of the home inspection report unless the buyer expects the seller to negotiate the price OR make the repairs. Since a home inspection is NOT required by law, you should NOT be required to give a copy of it to the seller but I would think any buyer who pays for a home inspection does so to be sure there aren't any big problems with the home that need to be repaired. Some repairs that might not be readily apparent to the untrained eye of most of us could spell huge problems in the future. The home inspection is there to protect the buyer AS WELL as the seller in the event that something should happen after the house sale is closed. I would say both buyer and seller have a copy of the inspection and everything been "signed off" on before going any further. This way any negotiations can be dealt with. This is, bottom line, important for the buyer and the seller. Good luck!!! |
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teran_realtor
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Obligated? Depends on state - in Texas, No.
In the buyer's best interest? Depends. If you're asking the seller for concessions based upon the results - you'll probably have to so they'll agree. If you've already decided to back out based upon the results, it doesn't matter to you, but once the seller is made aware of problems with the house, they MUST disclose these things to future prospective buyers. |
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acermill
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It might depend on your state laws. In my state, copies are mandated to be provided to the sellers. |
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Judy1
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Not unless they are trying to use it to get out of the contract, or to get concessions from the seller. But if they are, then it would be reasonable for the seller to demand a copy - they aren't just going to take your word for what's on it. |
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Tim
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Rules are different by state.
Why not? It shows the seller that there are problems and they don't have to take your word for it. It can also show the seller that there are many other problems that you are aware of but willing to deal with yourself. |
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Carla A
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You are not required to provide a copy of the home inspection unless there are items that the home inspection report that require fixing/completing before the close of a sale. |
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R.E. Advice
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You're not obligated to unless you're using it to make adjustments or an addendum to the purchase contract.......or to substantiate your agreed-upon seller repair liability from the original purchase agreement (i.e. you agreed that the seller would contribute up to $500 in repairs). It may make it easier to ask for the repair credit if the seller can see that the claim is legitimate when they see the inpsection report. |
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Dan the man
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Usually the buyer asks for certain corrections or concessions from the seller based on the home inspection so it would benefit the buyer to share this with the seller. As far as "legal obligations" check with a Realtor in your state. |
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Yanswersmonitorsarenazis
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No. You paid for it, not them. I'm assuming you mean an inspection and not the appraisal?
The inspection would be done to determine any structural or mechanical defects in the property. If you had an inspection contingency in your purchase agreement, and the inspection revealed work that needed to be done, and you want the seller to pay for it, then YES, I would think showing the seller the inspection would be a logical thing to do.
If you are meaning the appraisal, which is done to confirm the market value of the property, then absolutely not. I wouldn't give the seller a copy for any reason, except if it appraised for less than your purchase price and you want to get out of the transaction or attempt to renegotiate the sales price. If it came in higher than you are paying for the home, I certainly wouldn't want the seller to see that. |
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Michael Iarrobino
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I don't know the laws in other states, but in New Hampshire there is no requirement that the buyer give the seller a copy. However, if the buyer is asking the seller to make repairs based on the home inspection then it seems reasonable that seller get a copy, or at least get a copy of the portion of the inspection report that describes the problem. |
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Martin S
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Yes because its part of the sellers disclosure. Why would you not want to give it to them? Because somethings wrong? If so, they move in and find out and then sue you. Its not worth hiding something. |
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