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the only thing i remember from my course on r.e. law long ago was that you must specify that you want the light fixtures, and any unusual fittings or fixtures that could in any way be removed. the example given was an historic home, that had all of the original door hardware and lights.
might serve you to walk through the place again and eyeball anything that looks like it could be removed that you don't want to have to replace.
Thanks. I've added light fixtures, shades, blinds, awnings, windows (all treatments)., storm doors, screens, plumbing fixtures, water heater, water softener, air conditioning equipment, built-in items, fencing, all appliances (stove, refrigerator, dishwasher, microwave, washer and dryer, dehumidifier).
Conditional on home inspection, radon(air/water), septic system, well water quality. Septic to be pumped out and chimneys professionally cleaned/swept.
I'll do the contract with 1% good faith deposited with escrow agent (my attorney perhaps).
Conditional on financing (3% over 15 years).
There was a deed restriction on RV/trailer/boat parking outside unless inside of a garage (which is a showstopper annoyance for me as I have all three and plan on using the three car garage for my cars, not to mention they wouldn't fit). Kooky covenant since you can't even see any of the neighbors properties. Owner claims the neighbors got together and unanimously agreed to remove the "convenants" about 10 years ago. I'll ask for proof of this as well.
There must be the smell of hope in the air, because I've seen a lot of similarly priced homes just hit the market in the past 4 days. It's slowing me down though, because now I need to look at them. The upside is other places to bid on (if my 15% off asking upsets the current one I'm looking at). It's a nice time to sell (for another 4 weeks), then they are going to start to turn desperate as winter looms.
Tom
KILLERJANE
2012 Sep 22, 1:05am
Your girlfriend agrees to help pay for your property via rent? He he.
Hi,
I wanted some insight from the board on items other members would insist on when writing up a Purchase and Sale agreement. I've bought and sold 3 homes now, but want to make sure I don't miss anything. More importantly, the contracts I always worked with were the one's a realtor handed me, as opposed to me writing my own (which I plan to do this time around).
Obvious things are, financing, home inspection, closing date, well water testing, radon testing (I'm in New Hampshire), septic system check/pump out (I had to pay over $17,000 to have a seven year old one replaced on my last house).
I'll also ask for things like lawn/garden tractor, snow blower, appliances, window treatments (I remember these things adding up when I had a house built).
Title search as I recall was typically done by a title search company and included by the bank (and paid for by me).
Anyone have a pointer to good P&S document to start from as well?
Thanks,
Tom
P.S. I still think housing will crawl along, or even drop some more (but I personally think it's going to be a slow painful drop), but the rent vs buy calculator says I break even in 6 years and that's moving from 1200 sq foot apartment to 2800 square foot house. Big increase in heating/cooling cost though. On a positive I'm buying in my name only, and I won't be making the mistake of getting married again so I really own only half a house. This time around the girlfriend has agreed to pay rent as well.
#housing