Stove required for closing?
 

We are using an outside lender for the purchase of our new construction home and are receiving conflicting information for closing. At design meeting we received credit for appliances as we did not want those offered by TV. TV does not allow our purchased appliances to be installed before closing. However, an issue requiring a stove for passing appraisal prior to closing has arisen. Has anyone experienced this issue? How was it resolved?

If your house is all electric, can't see why a plug in appliance that is not attached to the structure is required, washer & dryer are not required

Dear OP:

In all due respect, I wish you had asked why appliance installation was not allowed before you posted. It would have save all of us a lot of discussion. Surely your closing agent had that information available. with that known information posters could have exercised an opinion as to whether the practice was reasonable or not

It is up to your lender. Purely up to the lender. The Villages will not allow you to do anything to your home until it is in your name. That has never changed.

That goes for any builder, no-one should every be allowed on a construction site without approval from the builder-big liability

I was always told that a stove must be present and operational for a closing to occur. I never checked on the validity of this claim. I would never sell a house without one. In this case common sense seems to have gone out the window. There are conflicting stories on the internet about this problem. How could the appraiser believe that you would sign on the dotted line for a pile of money and not install a stove? Maybe they heard everyone goes out to dinner a whole lot in TV. Good luck, I hope this doesn't delay your closing. Maybe time to lawyer up!

Nothing would surprise me, but an appliance is personal property and I fail to see why an appraiser would give any type of personal property consideration when assessing value of real property. I suppose a lender could require a stove...but I wouldn't know why.

Back up north, the first house we bought had no stove (house was total electric), had no problem closing. Used an electric frying pan for around 1 week or so until the new stove arrived. I would talk to the lender, if they play hard ball, go to the Citizens first Mortgage, I am sure they are aware of how things work here. last I checked their rates were competitive.
Hope this helps.

Hopefully, you will get an answer to your simple question. :thumbup:

Our home up north closed without a stove. Yes it's the lender that makes that rule. Our stove was on order (slide in) bank made an exception we closed on time. Stove took three months to come in, we both travel for a living so not a big deal for us.

In North Carolina the county would not issue an "occupancy permit" unless a stove was installed when we built.

Most likely on the new home you are being charged at least for the basic stove... no deductions if you do not accept... take it give it away... and get through your problem without any further.. period