I'm signing contracts tomorrow on a townhouse. I inspected last week, but there is a tenant in there (who will stay until a few months after settlement), with lots of furniture and 'stuff' laying around.
Apart from moving the tenant's furniture (probably not going to happen) there's no way of knowing if there's holes in the walls or water damage or something hidden, is there? Is this just a risk you've gotta take in this situation? I mean, I know some people buy sight unseen so I guess to a point you've just got to trust the owner/agent isn't concealing things. Is that right?
Also, if the building inspection shows up some issues, how big (how expensive to fix) do these problems have to be to justify you pulling out of the contract/asking for a price reduction? I know the buyer has to 'act reasonably' but really, what the hell does that mean?!
(I'm trying to hold back first home-buyer's jitters, can you tell )
Apart from moving the tenant's furniture (probably not going to happen) there's no way of knowing if there's holes in the walls or water damage or something hidden, is there? Is this just a risk you've gotta take in this situation? I mean, I know some people buy sight unseen so I guess to a point you've just got to trust the owner/agent isn't concealing things. Is that right?
Also, if the building inspection shows up some issues, how big (how expensive to fix) do these problems have to be to justify you pulling out of the contract/asking for a price reduction? I know the buyer has to 'act reasonably' but really, what the hell does that mean?!
(I'm trying to hold back first home-buyer's jitters, can you tell )