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Is it a problem if the seller does the GFCI repair themselves?

Our inspection flagged an outlet near the kitchen sink without GFCI protection, and the contract says a licensed electrician has to fix it, but the seller wants to just do it themselves for free. Everything else about this seller has been solid, so is skipping the electrician actually a real risk here?

12 Answers

How should I negotiate price when a municipality wants to purchase my home for infrastructure needs?

Our local town government wants to purchase our house for an infrastructure project, and comparable properties in the area rarely come up for sale. We are not eager to relocate, but a strong offer could change that. What premium above market value is reasonable to request, and how should negotiating with a municipal buyer differ from a typical purchaser?

5 Answers

Can I sell just one lot of our inherited vacation property to our longtime tenant?

We inherited a multi-lot lake property with several cabins, and the tenant renting one of them for six years now wants to buy it outright. Since my adult kids also have a stake in the family property, is it possible to sell off just that single lot without unwinding everyone elses ownership in the rest?

5 Answers

What's the right way to buy my parents' house below market value?

I recently sold my own house, and I plan to purchase my parents' home directly from them. They own it free and clear and are willing to sell below market value, with me paying them monthly instead of using a lender. What is the correct way to structure this, and are there tax or legal pitfalls before we transfer title?

11 Answers

Should we sell our house or rent it out and use a HELOC for the down payment on our next one?

So we bought our current house back in 2021 and now were moving to a new town for my husbands job. Weve gone back and forth for weeks about whether to sell or just take out a home equity loan to help fund the down payment on the new place and rent the old one out. Current value is around 280-300k, we still owe 148k at 2.3 percent which feels too good to give up, and rent would probably cover most the mortgage. Are we crazy for considering this?

12 Answers

We closed in January and just got hit with a $57k bill for the sellers unpaid property taxes - how is this even legal?

Closed on our house in January and now LA county sends a bill for over 57 grand in back taxes the PREVIOUS owner never paid, and it rolled onto our parcel. Title company says it closed clean, escrow says talk to title, nobody will tell me who actually owes this.

8 Answers

Would selling only six months after purchase, using an assumable loan, be financially unwise given our appraisal gap?

We purchased our home in March for $600,000, though it appraised at $613,000 at the time, and now an out-of-state job opportunity has arisen that would require relocating within a matter of weeks. Our mortgage carries an assumable rate of 5.5 percent, which I understand may appeal to a subsequent buyer, though I am uncertain how the assumption process actually functions or whether attempting a sale so soon after purchase would result in a financial loss once closing costs are considered.

8 Answers

Is it worth assuming my late mothers FHA mortgage or should I just keep paying without assuming it?

I inherited my moms house with an FHA loan still on it, low rate, and the lender says I can assume it after 6 payments and a fee, or just keep paying without assuming. Not sure if assuming actually helps me or just raises my rate for no reason. Worth it or not?

5 Answers

What is the 3 3 3 rule in real estate?

I've heard this a lot but I'm not sure what it means when it comes to deciding to buy a home. what is the 3 3 3 rule? Why is it important?

15 Answers

Which of these inspection requests are actually reasonable to ask the seller to fix?

Were under contract on a town house and the inspector flagged a rattly bathroom fan and a deck with no footings, plus a few things our attorneys pushing that feel like a stretch. Which of these would a seller normally be expected to fix, and which should we just let go?

9 Answers