Woo hoo! Accepted offer on house we are selling - Page 2

wayner123 · 10-13-2010, 01:35 PM

Quote:

Originally Posted by forgop

Effffff me...buyer's agent just sent over a release from our original purchase agreement.

That sucks man. Does that throw a cog into your AC geothermal plans??

forgop · 10-13-2010, 01:44 PM

Quote:

Originally Posted by wayner123

That sucks man. Does that throw a cog into your AC geothermal plans??

Does now as I only sold enough stock to cover half the cost and the other half was going to come from the sale of the house.

forgop · 10-13-2010, 04:05 PM

Ok, here's the scoop...

My house is on a slap and in the garage, a crack formed in the slab that goes through an interior wall to an exterior wall. It's concrete. It cracks. That's what concrete does. Anyway, the buyer talked to a co-worker that has no qualifications as a structural engineer and has scared him out of buying the house. We've lived there for 8 years and it happened in the first couple of years. We live on that great Indiana clay soil, so it's not like we'll have a sink hole and the front half of the house will fall into the hole as a result. We're proceeding with the structural engineer per the inspector's recommendation and as long as it's determined to be ok (which I'm sure it will), they buyer will be in default and we'll just keep his earnest money should they not go through with the purchase.

Darn the luck anyway.

forgop · 10-15-2010, 03:59 PM

Update: We had a structural engineer evaluate the cracks in question at our request at our expense. The engineer reported as to what exactly caused the cracks and that between the measurements in the garage, family room, and kitchen, there was no more then 3/8" of an inch difference from the highest/lowest points in the house after 8 years. It appears as the buyer intends to go forward as they have rescheduled an inspection to be completed next week.

I don't know what's worse-selling a house or buying a house.

MiamiE · 10-15-2010, 04:19 PM

If the buyer signed the contract you better get your money or to the court we go!

gpugliese · 10-15-2010, 04:57 PM

Quote:

Originally Posted by MiamiE

If the buyer signed the contract you better get your money or to the court we go!

There may or may not have been inspection contingencies in the original P&S.

forgop · 10-15-2010, 05:08 PM

Quote:

Originally Posted by gpugliese

There may or may not have been inspection contingencies in the original P&S.

Yeah, you have to make inspection contingencies when buying a house. Had they walked away, they would have lost their earnest money and paid for an inspection/appraisal for nothing because we did what they requested.

10-13-2010, 04:05 PM	#23
forgop Not a puffer Join Date: Oct 2008 First Name: Duane Location: Indianapolis, IN Posts: 2,869 Trading: (40)	Re: Woo hoo! Accepted offer on house we are selling Ok, here's the scoop... My house is on a slap and in the garage, a crack formed in the slab that goes through an interior wall to an exterior wall. It's concrete. It cracks. That's what concrete does. Anyway, the buyer talked to a co-worker that has no qualifications as a structural engineer and has scared him out of buying the house. We've lived there for 8 years and it happened in the first couple of years. We live on that great Indiana clay soil, so it's not like we'll have a sink hole and the front half of the house will fall into the hole as a result. We're proceeding with the structural engineer per the inspector's recommendation and as long as it's determined to be ok (which I'm sure it will), they buyer will be in default and we'll just keep his earnest money should they not go through with the purchase. Darn the luck anyway.

10-15-2010, 03:59 PM	#24
forgop Not a puffer Join Date: Oct 2008 First Name: Duane Location: Indianapolis, IN Posts: 2,869 Trading: (40)	Re: Woo hoo! Accepted offer on house we are selling Update: We had a structural engineer evaluate the cracks in question at our request at our expense. The engineer reported as to what exactly caused the cracks and that between the measurements in the garage, family room, and kitchen, there was no more then 3/8" of an inch difference from the highest/lowest points in the house after 8 years. It appears as the buyer intends to go forward as they have rescheduled an inspection to be completed next week. I don't know what's worse-selling a house or buying a house.

10-15-2010, 04:19 PM	#25
MiamiE I'm nuts for the place Join Date: Feb 2009 First Name: Erick Location: Miami, FL Posts: 2,892 Trading: (38)	Re: Woo hoo! Accepted offer on house we are selling If the buyer signed the contract you better get your money or to the court we go!