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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?

k2

07:44AM | 06/02/05
Member Since: 06/06/03
1250 lifetime posts
I've never bought such a property, but it sounds kinda bogus to me. I am NOT a real estate pro or anything like that--but I sure don't like it just out of principle.

I'd probably try saying "I'll pay you $25 for it." Knowing me, I'd probably go so far as to walk out the door if necessary. Then I'd see what they came back with.

Regards,

-k2 in CO

Moderator, Miscellaneous Forum

http://www.bobvila.com/BBS/Miscellaneous

k2

07:58AM | 06/02/05
Member Since: 06/06/03
1250 lifetime posts
Another idea...

How about saying you'll just do it (turn the valve!) yourself, and just remove the line item?

Whatever happens, please post back and let us all know how it goes!

Thanks!

Regards,

-k2 in CO

Moderator, Miscellaneous Forum

http://www.bobvila.com/BBS/Miscellaneous

homebild

03:30PM | 06/04/05
Member Since: 01/28/03
694 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.

k2

06:00PM | 06/05/05
Member Since: 06/06/03
1250 lifetime posts
kmdahl, please update us on this posting.

It sounds like this is familiar territory to homebild, and I respect that. I will most always defer to a pro's opinion. (As I mentioned previously, I'm not a real-estate pro--I'm just a cheapskate!) :)

I would wonder, however, why YOU should have to pay for this (being that it's almost SUMMERTIME). I mean, why should YOU pay for this expense--and NOT the seller? Homebild--have you seen this clause? Would you sign it yourself without a second thought? I am curious.

Wouldn't the next logical extreme be for them to ask you to pay for an improvement made a couple of years ago?

STATUS PLEASE!! -- How goes your proceedings? And one should never forget that practically EVERYTHING in real estate is negotiable.

Regards,

-k2 in CO

Moderator, Miscellaneous Forum

http://www.bobvila.com/BBS/Miscellaneous

homebild

01:45PM | 06/07/05
Member Since: 01/28/03
694 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
694 lifetime posts
And virtually NOTHING is ever negotiable with a foreclosure....except whether you decide to 'take it' or 'leave it'....:)


k2

02:57PM | 06/07/05
Member Since: 06/06/03
1250 lifetime posts
Interesting; thanks Homebild.

Regards,

-k2 in CO

Moderator, Miscellaneous Forum

http://www.bobvila.com/BBS/Miscellaneous
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