Home News You can get what you want, but buyers need to take charge...

You can get what you want, but buyers need to take charge – The Mercury News


Question: We bought a home with a large lot. The yards are full of auto parts and outbuildings. Debris fills the grounds. Our buyer’s agent suggested we be specific about our wants and needs. We agreed.  

When we wrote our purchase offer agreement, we added two conditions: 

  • The sellers are to remove all outbuildings within 10 days of acceptance.
  • The sellers agree to remove all auto parts and debris from the grounds within 12 days of acceptance.

On Day 14, our buyer’s agent stopped by the property to confirm conditions had been met. This was an unofficial precursor visit to our official walk-through on Day 15.  

The house is located on a corner. The double-wide side-fence gate for car storage was wide open. The backyard and one side yard were visible to our buyer’s agent. The yards were still in disarray. There was a lone worker with a wheelbarrow. There is a dumpster located by the open gate. According to our buyer’s agent, this “worker” is “slowly loading” the dumpster with debris. 

The seller’s agent said not to worry. The seller’s agent told our buyer’s agent we can still close escrow on Friday. The seller’s agent is suggesting we take ownership on Friday, and the seller’s workers will arrive Sunday. It would be funny if not so alarming. 

What do others do in this situation? 

You can get what you want, but buyers need to take charge – The Mercury News

Answer: The California Association of Realtors has a form called the Extension of Time Amendment (C.A.R. Form E.T.A.). Homebuyers in your predicament extend the close of escrow (change of ownership) date. It is a prudent tactic.

When the seller’s agent does not extend deadlines for conditions, the buyer’s agent must.

C.A.R. Form E.T.A. the multipurpose form for function: 

  • Paragraph 1. Extension of Escrow: The schedule of Close of Escrow is extended to _____________(Date). 
    Paragraph 3. Other Extension(s). The time for ______________________________________________________is/are extended to_____________(Date). 

Homebuyers who are put in your position do not ask for extensions. They demand them.

For Housing Market Data in your area, visit my webpage for trends here. Do you have questions about home buying or selling? Full-service Realtor Pat Kapowich is a Certified Trust and Probate Specialist, Certified Real Estate Brokerage Manager and career-long consumer protection advocate.

He is based in his hometown of Sunnyvale, California.
Office: 408-245-7700; Broker# 00979413 [email protected]





Source link


Please enter your comment!
Please enter your name here