Posted by dealmaker on June 02, 2005 at 20:14:15:
Is the owner living in it? If not, then go over and water and mow. If he’s still living there, wait until he’s out to water and mow.
Lesson: One more thing to add to your contract, next time.
dealmaker
Investment property - Posted by Laurie
Posted by Laurie on June 02, 2005 at 15:01:14:
Made an “offer to purchase” on a home that will be use as an investment property on 4/14/05. I have bought the home in a “as is” condition but the seller has refused to do any upkeep on the property, the grass is dying and weeds have overgrown everywhere. Besides opting out of the contract and losing $2,500 do I have any other options? The closing is not for another 2 weeks so if the grass has a little life in it now there won’t be any by the time of closing.
Re: Investment property - Posted by Mark (SDCA)
Posted by Mark (SDCA) on June 07, 2005 at 09:45:16:
If the yard is your biggest problem on this investment property, count your blessings.
Mark
PS I NEVER deal with grass on rentals for exactly this reason. Tenants do NOT take care of it. It’s 100% desert landscaping for me. Not much care required for rocks.
Re: Investment property - Posted by Jimmy
Posted by Jimmy on June 03, 2005 at 09:15:09:
grass usually does not DIE from lack of water. it goes into a dormant state. it should pep right up in a week or so after you start watering it.
Re: Investment property - Posted by Bill H
Posted by Bill H on June 03, 2005 at 08:54:00:
You said you “Made and Offer to Purchase”…was it accepted and escrow opened, etc? If not you have not bought the property yet and can do nothing.
If it was in most standard purchase agreements there is a clause that says it will be in good condition when you get it…bring this to the seller’s attention and ask them to correct the situation.
If he refuses, then just say that you are unwilling to complete the deal in that bad condition and desire you money back as he has breached the contract. Might work and might not…never know until you try.
I hear a bit of “Buyer Remorse” in your post…are you getting “Cold Feet” and just want out?
Last but not least do as dealmaker says, or simply hire a grass cutting crew to go over and clean it up and water, can’t cost more than $100 or so.
Good Luck,
Bill H