Location: DC, USA
4 unit home, VA home loan, buyers occupy 1 unit. At the time of the initial contract, 2 units vacant
Seller keys do Not work to open unit
45 day close
tenant will be known as "unit 2"
I am the home Buyer in this case;
went under contract, and seller approved a visual inspection. the property is great, my wife loves it.
At the start, we were considering a VA/FHA rehab. Upon confirmation from our lender, that would extend closing approx. 3 months.
we have decided to go regular VA, and use our cash to at least remodel our unit.
I met with this tenant while first viewing the property.
The initial offer had a contingency for a Feasibility study, and an Information only home inspection.
on day 2 of 45 the inspector pulled up for a feasibility.
he said he would return with his partner for a home inspection
Day 6 of 45 Inspector returns for full home inspection: Unit 2 is not available to to allow entry.
The seller agent has notified us that this is one of the most receptive tenants, but its now approx day 20, and the tenant has not been seen or heard of.
So, from a buyers POV, to my understanding this is where I belive I have
Visual inspection is not completed, so I can get out
If he has expired, Would I deduce that the current owner could put a claim in? I could imagine the biohazard smell sticking to the walls.
Any thoughts or advice here?
[link] [comments]
source https://www.reddit.com/r/RealEstate/comments/1vebqvc/venting_purchasing_4_unit_one_of_the_tenants/
Comments
Post a Comment