[This is part of a series of posts on the home buying process I'm going thru. To see the full set, visit the house category archives.]
I've been lazy (well, busy) when it comes to updating the house stuff. A few days ago the sellers came back and said they weren't thrilled with some of the Section One findings in the termite inspection report.
The way our contract works, Section One items are things that the seller must correct before I buy the house. If they don't, I can walk away and take my deposit with me. They're basically things like ensuring that all systems are working, there are no plumbing leaks, and so on. This happens to include termites, termite damage, and water/fungus damage.
So they brought in their own inspector today. My realtor and I met them at the house and their inspector double-checked everything listed on the report that our inspector had provided. The good news is that they pretty much agree (it seems--we'll get the formal report tomorrow) on all the Section One items.
As a side effect of this, we've pushed the closing date back a bit to give them time to get the required work done. I've also been in touch with my insurance agency to setup coverage for all the stuff that the Home Owner's Association (HOA) doesn't cover.
It was good to meet the sellers face to face today. It game me a chance to ask some questions and for them to point out stuff that I might not know otherwise.
That's all for now. Soon I'll need to find movers, pick new carpet, and transfer all the utilities. (Not necessarily in that order.)
Posted by jzawodn at February 12, 2004 09:55 PM