[stroglass]

We thought we had found a home but looks like the deal is dead the home is not insurable due to a dangerous electrical box .The seller do not want to assume the cost of replacement and threaten to take our deposit (so much for friendly) We still hold hope that the seller will change their minds Tom marrow is the last answer
Maybe we were not meant to be Village people

[Indydealmaker]

Originally Posted by stroglass

We thought we had found a home but looks like the deal is dead the home is not insurable due to a dangerous electrical box .The seller do not want to assume the cost of replacement and threaten to take our deposit (so much for friendly) We still hold hope that the seller will change their minds Tom marrow is the last answer
Maybe we were not meant to be Village people

You have got the seller by the short hairs. Since he is now aware of this problem which can effect the value of the property, not to mention the safety, he will have to legally disclose this condition to all future buyers or face legal action.

Do you have a realtor involved or are you dealing direct? If you have a real estate agent and he/she can't resolve this issue, then the first thing you need to do as you move forward is to drop the agent.

[old moe]

Originally Posted by stroglass

We thought we had found a home but looks like the deal is dead the home is not insurable due to a dangerous electrical box .The seller do not want to assume the cost of replacement and threaten to take our deposit (so much for friendly) We still hold hope that the seller will change their minds Tom marrow is the last answer
Maybe we were not meant to be Village people

HOpefully you had a clause in your contract that let you out of the deal with full refund, if inspection was not to your approval.or seller would not fix problem.

[DianeM]

Originally Posted by old moe

HOpefully you had a clause in your contract that let you out of the deal with full refund, if inspection was not to your approval.or seller would not fix problem.

Isn't that automatic? I always thought a buyer could pull out of a deal if the inspection was not satisfactory.

[njbchbum]

Originally Posted by stroglass

We thought we had found a home but looks like the deal is dead the home is not insurable due to a dangerous electrical box .The seller do not want to assume the cost of replacement and threaten to take our deposit (so much for friendly) We still hold hope that the seller will change their minds Tom marrow is the last answer
Maybe we were not meant to be Village people

Don't give up! All this means is that there is a house out there that will make you even happier! Honest!

sending you a private message, too

[DianeM]

Just means it was not mean to be - there will always be another house.

[old moe]

Originally Posted by DianeM

Isn't that automatic? I always thought a buyer could pull out of a deal if the inspection was not satisfactory.

I do believe that is a contigentcy clause and must be put in contract as a buyers terms.

[boomerbaby]

I would think if the house did not pass inspection than they would have to give you back your deposit. Do not give up if this is where you want to live. There are plenty of houses out there all this means is THAT house was not meant for you. Good luck.

[LuauLinda]

The dream WILL happen! We did not get the first house we put a contract on because the homeowners insurance was astronomical (older manufactured home). We pulled out and 4 months later closed on a renovated ranch that we really love! We are so happy the first one fell through because we really love our house and our neighbors! Hang in there!

[murray607]

[QUOTE=boomerbaby;778505]I would think if the house did not pass inspection than they would have to give you back your deposit. Do not give up if this is where you want to live. There are plenty of houses out there all this means is THAT house was not meant for you. Good luck.[/QUOTE

Most Real Estate contracts I have seen have the clause "subject to final inspection" in their terms of sale/purchase. Unless the sale is "as is"

[billethkid]

if the electrical panel did in fact not pass inspection it is encumbment upon the seller to make the repair or the deal is invalidated.

I have no doubt the buyer is in the drivers seat on this one....without a doubt. Don't let the sellers bluster phase you....they do not have your money, the real estate people who wrote the deal have it.

Stand your ground!!!!!

btk

[Vinny]

I doubt that you find the most perfect house in TV. Buckle IP and get busy finding an even better one.

[mainlander]

Originally Posted by stroglass

We thought we had found a home but looks like the deal is dead the home is not insurable due to a dangerous electrical box .The seller do not want to assume the cost of replacement and threaten to take our deposit (so much for friendly) We still hold hope that the seller will change their minds Tom marrow is the last answer
Maybe we were not meant to be Village people

Stroglass, Do not get discouraged... especially when you seem to be doing things right. Realizing a deal is not right before you sit at the closing table is a plus, not a negative. All contracts for real estate must be in writing, therefore going forward make all your concerns known in "pre-closing conditions" .. if something does not meet with your satisfaction upon inspection make sure you have the right to consider the deal DEAD.. and all deposits returned to you. The "presumed" dangerous electrical box is now considered to be "known defect" which makes the home unsalable (unless an 'as is' condition is agreed upon by both parties). Many more fish in the sea,, just keep protecting your deposit. Regards

[gomoho]

Everyone is assuming a standard real estate contract was used and a REALTOR is involved. I think not or the seller wouldn't be having this issue with the deposit and the seller would be advised if he ever wants to sell his house he needs to fix this issue. Anxious to hear the other half of the story.

[shcisamax]

I wouldn't get discouraged. Usually when something doesn't work, it is for the best. When we came back in the country in '99, RE was booming. We lost 17 houses. 17!!!!! One house went on at night and by the morning when I arrived at 9 a.m. it had been sold over the phone to a Russian sight unseen. Now THAT was discouraging. You have a problem with one house. It will work out, There are hundreds of houses. Get to work on getting the deposit back and move forward.