Skip to main content

Any electricians? How serious could this be?

Were in a badly timed situation "The electric service entrance cables appeared to be in need of evaluation. The electrical grounding system wire for the hot water heater was not in use. A licensed electrician should be called to inspect the system." We're buying a house in Florida. We're supposed to close Monday but a hurricane is coming, were in central florida so downed trees and some wind is the threat really.. This is what was on my inspection report. The seller has had trouble getting an electrician out before Monday and offered to get the quote and pay the quote but the repairs would be scheduled after closing.

On the flip side, if we put off closing now, it'd be scheduled for the 12th.. If the storm hits, electricians might be pretty busy and the closing would be further delayed, the loan officer may have us pay for a new inspection and Appraisal and closing could be even further from the 12th.

We're renting and are supposed to be out on the 1st, 48 hours after the hurricane. Getting moved and into a temporary place could be an issue if we delay but we don't want to move into a place if what that inspection report mentions, is dangerous in some way. This timing stinks

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

source https://www.reddit.com/r/RealEstate/comments/xm1hgg/any_electricians_how_serious_could_this_be/

Comments

Popular posts from this blog

Aren't comps/CMAs useless with buyer credits at close happening now?

I'm looking into buying a new construction townhouse in my HCOL US city. I'm seeing builders offering interest rate buydowns worth $20k-$60k on $800k homes (rather than just lowering prices) in order to keep their comps high for their other units, now that buyer demand has been declining. I asked my agent about these, and he said these buydowns aren't even the full story: buyers can write all kinds of other credits into an offer, like their closing costs, prepaid sewer fees, etc. Apparently cash buyers can just write in a "buyer credit at close" for any amount in their offer. So a new townhouse that appeared to sell for $800k in the MLS might have actually been a cash offer with a $100k+ buyer credit at close, meaning the buyer only spent $700k or less in total, but to the rest of the world they can only see the $800k! So that made me realize I can't trust comps/CMAs for other new construction townhouses. The sales prices could be way lower than they appear...

Obtaining a real estate license as a hobby?

Hello, I am 24 years old - 2 years out of college and I have my main job. I was looking to get a real estate license (in California if location matters) as a hobby/for fun since I like real estate ever since I was in high school. In the past 2 years, I would go to open house in the weekends to look at homes for fun. I don’t plan to practice real estate full time as I have my main job but I am curious are there any benefits to this? In the future, I plan to own multiple properties and have rentals, so I was wondering if getting a real estate license can help me with it? Thanks submitted by /u/AlohVera [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1f0qx9i/obtaining_a_real_estate_license_as_a_hobby/

Advice? Moved out of my primary residence and now renting

I moved out of the house I own in August 2021, I lived there for 8 years, I have been renting an apartment the past 3 years and renting out my house. My current tenant is moving out in September. I seem to have just missed the living 2 years out of 5 years rule for being exempt from capital gains tax and my house being a primary home. Any advice on what the best thing to do would be moving forward? Continue to rent out my house? I'm happy with my rental, but wouldn't mind buying another property down the road. I could sell my house down the road and try to do a 1031 exchange? Moving back in my house isn't ideal because it's an hour away from where I currently live. I could take a HELOC perhaps and try to buy another property and continue renting for the long term? I do have a 2.4% mortgage rate on the house so I don't mind keeping it for a while. Thanks for everyone's advice. submitted by /u/Ok-Top-7859 [link] [comments] source https://www.reddit.co...