My mother and her fiancé currently live in another state and are both retired and moving to be closer to me and other family. I’m trying to help them with the process but it’s difficult at times being far away. The house they are currently in belongs to her fiancé. I’m not the most experienced with the process (I currently own my home but have never sold one.) I feel like he seems rushed and is making poor decisions along the way.
They currently have a buyer (using a VA loan if that matters at all) and a few things came up during inspection. There was an issue with the foundation that could cause an issue with getting a loan approved that my mother’s fiancé is going to pay to have a contractor fix which I understand to be completely normal.
However… there were other issues regarding the railing to the basement, chimney flashing, something electrical (I’m not sure what exactly, communication is all over the place), and I can’t recall if there was anything else.
I was on the phone with them today and they said the buyer was going to fix these issues. I assumed they meant the buyer would be paying a contractor to do the work which even that seemed odd to me. I questioned them on it and they further explained that the buyer himself was offering to do the repairs. I don’t believe he is a contractor or licensed in any way. This made alarms go off in my head and I voiced my concern. He told me that their realtor said they’ve had this situation before and acted as though it’s normal and that they would have some sort of contract in the event of the person causing damage.
I’ve never heard of something like this and it isn’t sitting well with me but it ultimately isn’t my decision to make. I just want to help but feel that my concerns are brushed off so I don’t know if I’m just overreacting.
Am I overthinking this? Is this normal?
[link] [comments]
source https://www.reddit.com/r/RealEstate/comments/13pfeoa/buyer_himself_wants_to_do_repairs_before_closing/
Comments
Post a Comment