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Realtor says we can't pull HVAC permits in time, how worried should I be?

Our HVAC failed inspection, 26 years old, not shocked. Got a great installer lined up, way cheaper than the other bid, but hes only a journeyman so he cant pull the permit himself. My realtor just told me flat out we wont get permits in time and I dont even know if thats true or shes just not trying. Buyer addendum says the system has to be new AND working before closing. Am I about to blow this deal over nothing?

4 Answers

Is there any way around the $250k capital gains exclusion on a house we've had since 1998?

We bought our house in 1998 for under 200k and its worth close to 1.8 million now, so the 250k per person exclusion barely makes a dent and we'd owe a massive tax bill if we sold. Is there any realistic strategy, like a 1031 or some other move, that could actually help us sell without getting crushed, or are we just stuck waiting for the law to change?

6 Answers

How long can the seller take to respond to my offer?

I made an offer, but have not heard back. Do they have a certain time to respond or can they decide to not respond to me?

11 Answers

Do I really need a 20% down payment to qualify for a conventional mortgage in today's market?

My spouse and I are looking at starter homes in the Midwest and have been saving up, but reaching that 20% mark feels very far off with current home prices. We've heard there are programs for lower down payments, but we're concerned about how that affects our monthly payments and private mortgage insurance. We'd like to know what common options exist for buyers with good credit but less cash.

8 Answers

I have smart home tech. How do I transfer these without giving personal info?

I'm selling my house and have smart home tech like doorbell, thermostat and security cameras. I'm fine with leaving these things, but how to I transfer them to the new owner without compromising my security, personal info, and passwords? Do sellers normally uninstall them?

10 Answers

Signed a buyers agreement, am I stuck with that agent?

I signed a buyers agreement because I wanted to see a house. Can I only work with that agent to buy a house now? Can I see houses without an agent?

9 Answers

How does the election impact the housing market?

I'm thinking of selling, but I'm wondering if the election will impact my sale. I'm not desperate to sell, so I could wait until after the election and sell next spring if that's a better time. Can you give me your opinion on how the election impacts the housing market?

11 Answers

How do I make a competitive offer on a home without overpay?

How do I make a competitive offer on a home without overpaying? The market is so tough right now and it's hard to get a home. I want to make an offer that will be accepted, but I also don't want to regret overpaying.

5 Answers

Real estate termination fee?

Should our real estate agent have informed us if we terminated the contract as sellers there was a clause that they would still receive 5% commission ? Our agent never told us if we terminated the contract we would owe him the 5% when we signed the listing agreement. We wanted to switch agents but we didn’t realize this was written in the contract.

6 Answers