COMMUNITY FORUM

kmdahl

06:39AM | 06/02/05
Member Since: 06/01/05
1 lifetime posts
Bvrealestate
Hi,

I'm buying a lender-owned property. The title company is requesting that we pay to have the house de-winterized. The maintenance company who is "maintaining" the house while it is on the market requires that we pay a $300 fee to have the house de-winterized/water turned on. The majority of those I talk to say this is an odd request and that all that is really involved in the de-winterization is turning on a valve. Am I being ripped off by this request? Also, the maintenance company recommends us to re-winterize the house once the inspection is through. It is June in Colorado though, and we're reluctant to follow through with the request as there is no chance of the pipes freezing now. Any thoughts?

homebild

03:30PM | 06/04/05
Member Since: 01/28/03
693 lifetime posts
There can be a LOT more to de-winterizing a home than simply 'turning on the water'.

If you are on a well, the well may need first to be reprimed in order for you to get any water.

If you have a hot water baseboard or steam heat system, the boiler will need to be filled, bled, and tested.

Water heaters, toilets, traps and everything else will need to be filled, tested, inspected and repaired.

It 'may' be as easy as flipping a switch or turning of the water, but it is usually not that simple.

It is customary for the potential buyer to pay for and turn on these systems for pre-sale inspections.

So, no. $300 is not unreasnable and it is a normal expense associated with buying a winterized home.

homebild

01:45PM | 06/07/05
Member Since: 01/28/03
693 lifetime posts
It is completely normal for any potential buyer to pay to have a home de-winterized so that they can proceed with their optional real estate inspection.

It is also completley normal for the potential buyer to have to RE-winterize the property after inspection until and unless they actually close on the home and it becomes theirs to occupy.

Foreclosed homes such as these are mainly sold "as is" and the bank-owner is not interested in making repairs or keeping utilities on while the home is trying to be sold.

For this reason, inspections are entirely for the owner's benefit and purchase and is at the buyer's own risk, so it is entirely up to the buyer to pay for and provide for whatever is necessary to his own inspection...including dewinterizing of the home and rewinterizing as needed.

homebild

01:52PM | 06/07/05
Member Since: 01/28/03
693 lifetime posts
And virtually NOTHING is ever negotiable with a foreclosure....except whether you decide to 'take it' or 'leave it'....:)


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