Posted by Amanda on December 04, 2007 at 13:13:55:
Thanks. That’s what I needed to know. The house was sold as-is, they declined an inspection, and should have done a final walkthrough on the 29th. My renter said the furnace ran just fine the whole time she lived there. Bad timing, but since I lost almost $2000 on the sale, I’m not inclined to help the buyers out on this one. I had no idea there was anything wrong with the furnace.
problems at closing - Posted by Amanda
Posted by Amanda on December 04, 2007 at 07:34:09:
I recently sold a house, and the furnace quit working the day the money transferred. The buyers, however, moved into the house the day before the furnace quit, and the buy/sell agreement states that they are not to move in until the day of closing. Who is responsible for the broken furnace?
Re: problems at closing - Posted by DJ-nyc
Posted by DJ-nyc on December 04, 2007 at 12:28:32:
My first house had a bad gas heater. I bought the house in the summer. My first 1st lesson, cut on the boiler/burner, summer or winter.
Cost of lesson = $800.00 in 1998
Buyer beware.
Re: problems at closing - Posted by William Bronchick
Posted by William Bronchick on December 04, 2007 at 10:20:37:
If the property was sold “as is”, they have no recourse. Otherwise, they’d have to prove that you knowingly sold them a house with a bad furnace. If they did an inspection, they should have discovered this.
Re: problems at closing - Posted by Rich-CA
Posted by Rich-CA on December 04, 2007 at 16:25:34:
I always have a home inspection and use an inspector who examines the major systems. Then I make the seller provide a home warranty, which has paid for a new furnace (I had to pay code upgrades) in one case and a dishwasher in another and a range in a third.