Browse Forums General Discussion Re: UPDATE - Repairing damage between purchase and settlement 9Feb 04, 2008 10:48 am Cathski, you know what.... after hearing all the stories on here about what can go wrong and what you shouldn't accept before handover etc....
I wouldn't take ANY chances.... tell that you will hold off handover until it is fixed (by your friend) and then you can move in without any worries. They don't want to be without a bathroom for 3 days.....LOL.... that's great, but YOU will be!!!! Seems to me, they are getting out of it cleanly and you're the one who will have to go through the efforts of chasing up everyone and getting everything done... Ultimately it's your choice, but let THEM be inconvenienced, NOT YOU. When we sold our last place, we were very obliging with information, inspections etc etc, etc....to make sure that the new owners were happy, we provided more information,regarding the complete renovation that we had done, than was normally expected....even the real estate agent said we were too nice.... Make them do the work.... after all you're paying for a perfectly good house...or else I'm sure that you thought that when you signed your contract of sale, so why should you accept anything less!!!!!! Re: UPDATE - Repairing damage between purchase and settlement 10Feb 04, 2008 11:06 am absolutely agree with phoenix
Quote: The owner has now agreed to get the bathroom repaired by our builder friend (so we know the job will be done well) however they have asked that it gets repaired after settlement so that they're not left without a bathroom for three days No way!!! it is up to them to fix it and when you have inspected it and accepted it, then handover occurs. If that takes longer than your agreed settlement date then they are up for interest (this you could waive if nec but dont say anything till very last day, if it means you are having to spend extra money cos of the delay then the interest will compensate you last house I sold purchasers said bank cant settle etc is it ok if we extend the settlement date for 2 weeks etc we said no its not we have a mortgage etc, amazingly they settled that afternoon! they can rent a portable bathroom thingie or use their neighbours, friends or parents or whatever, its unfortunate but youre in the right. they must be going somewhere, they could move out earlier if nec they are lucky its covered by insurance and its great you know the builder Re: UPDATE - Repairing damage between purchase and settlement 12Feb 04, 2008 11:25 am As per above.
Either have to taken of the house price, or get them to do it before you do handover. Doing it afterwards you have no option other than hope it happens. (which is not the position to be in) Talk to your solictor, (that why your using one) and get them to do their job for you, get it fixed or the price dropped before handhover. I did a similar thing in my current place, the owner hadn't cleaned out the shed as planned - (said he needed 2 more weeks) but as I wanted to move in ASAP I said - I'll do handoverand you have 2 weeks to empty it. We noted that in the contract, my solicitor said no comeback if I needed it - I said thats OK, as it was not a major issue anyway. Guess what - he half cleaned out the shed over 3 weekends and eventually I just said to him forget it - leave it and I'll do the rest. Steve Re: UPDATE - Repairing damage between purchase and settlement 13Feb 04, 2008 11:33 am Quote: The owner has now agreed to get the bathroom repaired by our builder friend (so we know the job will be done well) however they have asked that it gets repaired after settlement so that they're not left without a bathroom for three days btw there also could be a technical hitch with this option the insurance company would then be paying out on a house owned by you not their insured not saying that is the intention at all but bare this in mind, ownership would be transferred technically and may completely stuff this idea up there is no way I would do it Re: UPDATE - Repairing damage between purchase and settlement 14Feb 04, 2008 11:42 am AND that's IF the insurance company accept your friends quote too???
What happens if they get their inspectors out (as they sometimes do) and get their own tradies in to do the job???? Then you are not sure of the quality of the repair at all... Just be careful.... Re: UPDATE - Repairing damage between purchase and settlement 15Feb 05, 2008 2:15 pm How about this: If the owners don;t want to be without a bathroom for three days, then delay the settlement date by, say, a week. The owners move out on the old date (as they would have anyway); the bathroom gets fixed; money changes hands; and then settlement happens.
I can't see any problem with this.... Re: UPDATE - Repairing damage between purchase and settlement 16Feb 05, 2008 5:14 pm Quote: How about this: If the owners don;t want to be without a bathroom for three days, then delay the settlement date by, say, a week. The owners move out on the old date (as they would have anyway); the bathroom gets fixed; money changes hands; and then settlement happens. I can't see any problem with this.... I can..... I reckon the owners have another house settling on the same day - subject to this one selling - hence they can't / don't want a blank period - read in to this - they have no cash - and they don't want to be inconvenienced by the bathroom works. As I said originally - get the money taken off the hosue price and do it yourself if always my preferred option. That way you are in control of what actually happens to your new house. But time is running out ...... Steve Re: UPDATE - Repairing damage between purchase and settlement 17Feb 05, 2008 6:32 pm Sheesh. Well if they don't want their bathroom out of action; don't want to move out early; and don't want to change the settlement day, that doesn't leave much wiggle room.
Then I think the choices come down to: - Money deducted from settlement price Or: - The old owners get it fixed before settlement and the new owners just deal with not using their own tradesman I thought this would be a popular question but I haven't been able to find any similar posts. Perhaps I'm wording my searches wrong? When you have car insurance and the… 0 6624 there was an event. The question is whether the builder had the insurance and whether the event was covered. The workmanship is a separate conversation. 10 23779 DIY, Home Maintenance & Repair The workmanship is lifetime guarantee by "the insurer", not the builder. They will of course ask the initial builder to rectify and if they don't they will appoint… 7 5063 |