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WWYD?

We're FTHB scratching our heads at the current predicament.

We are under contract to purchase a home. We were originally due to close tomorrow, the 31st. After county inspection, we learned the seller's finished the basement without permits. Closing has been pushed to September, to all our dismay. This was to allow them to get it up to par with the county.

The County, being a dick IMO, is requiring them to remove every nut and bolt and basically gut the basement. We signed an addendum where they would redo the basement to the exact specs from when we signed the first contract, but with a permit. After agreeing to this and signing, the sellers now want to default. We don't know why.

What are our options here? Our agent is countering, asking them to just gut the basement and put the cost to finish the basement in escrow after obtaining a quote.

We could walk. But with school starting and our current loan expiring (is that the right word?) in Oct, on top of generally liking the home....we just don't want to.

The basement was a large part of why we purchased it due to the size of our family. We cannot foot the bill to redo the basement ourselves and would prefer to not take a loan to do so, either.

Thoughts? Advice? Positive juju?

Much appreciated.

Original post: https://www.reddit.com/r/RealEstate/comments/ccbvpf/seller_finished_lower_level_wout_county_permit/?utm_medium=android_app&utm_source=share

submitted by /u/Penchantformistakes
[link] [comments]

source https://www.reddit.com/r/RealEstate/comments/ck2mn8/wwyd/
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