sydney's sidewalk drawing...elijah, sydney, daddy, mommy, kezia

Thursday, December 3, 2009

house update

Well, the inspection went well last week. For a 1890 house, it has held up fabulously. Honestly, I was worried that there would be foundation issues or some other major problem, but no! There were just a few little deferred maintenance type items. Leaky kitchen sink, the electrical box still had a fuse instead of all breakers, and we found out one of the toilets was leaking when we went into the basement (not a major leak, just poorly installed, the flange and or maybe the gasket will need to be replaced). Those were the 'big' ones...items that qualify as a 'defect.'

get ready for some legal mumbo jumbo..."a defect is defined as a structural, mechanical or other condition that would have a significant adverse effect on the value of the Property; that would significantly impair the health or safely of future occupants of the Property; or that if not repaired, removed or replaced would significantly shorten or have a significant adverse effect on the expected normal life of the Property."

Yeah, so anyway, because these three things are a 'defect' we can ask the seller's to repair (cure, in real estate terms) at their expense prior to closing. Now, the seller is not obligated to accept our request that they repair the problems, but thankfully they did accept the terms! (actually, our realtor, Betty, told us that the seller's realtor was with the same agency. Betty said to us, "I told the other realtor that they will accept the request and fix those repairs." are you kidding me!?! go Betty!)

And, just yesterday our lender gave us a call...just needed one more thing (again :P ) and we may be able to close as early as next week!!! That would be awesome.
Hopefully we will hear today when we can close on the house.

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