New home - House Inspection

[psycopk]

new home kada.. its builder resposiblity to fix everything from the report

[reality]

10 minutes ago, Aquaman said:

it all be in your contract .. read it ..see what it says.. no issues in delaying..

have a good realtor or attorney read the contract 

if you have good realtor they will represent and talk to builder on behalf of you

contingency lo lekapothe em cheyaledu for backing out or price reduction … don’t misguide him vaa..

all he can do is, report these issues as part of warranty and enforce builder to fix them.

 

[MutaMestri]

@reality
This is what in contract 


Sale Contingency. This Contract is X is not (check one) contingent upon the sale of Purchaser's current
residence located at N/A . Should this contingency apply, Purchaser has/will list the
current residence with a broker who is a member of a Multiple Listing Service and provide Seller a true and correct
copy of the listing agreement within five (5) days of Purchaser's execution of this Contract. If construction of the
Home has not commenced, the Purchaser will be afforded a single sixty (60) day period following Purchaser's
execution of the Contract within which to market the Purchaser's current residence. Seller may continue to market
the Property during this period. If Seller receives a second contract for the property, Seller will notify purchaser
either in writing or verbally. Upon delivery of either written or verbal notice, the Purchaser has forty-eight (48)
hours to waive in writing this contingency for selling the Purchaser's current residence. Failure to waive this
contingency (i) during the forty-eight (48) hour period, or (ii) before the expiration of sixty (60) day period (if no
other contract is presented) empowers the Seller to cancel this Contract immediately without any additional notice of
any kind by the Seller, at which time the Earnest Money will be refunded to Purchaser. If construction of the Home
has commenced, the Purchaser will be afforded the sixty (60) day period, but shall not be entitled to the forty-eight
(48) hour notice. The Purchaser acknowledges that the Seller shall not be obligated to begin or continue
construction of the Home during the time period this sale contingency is applicable.

[reality]

8 minutes ago, MutaMestri said:

This Contract is X is not (check one) contingent upon the sale of Purchaser's current
residence located at N/A

Sale contingency ledhu gaa? 

Do you have any other, such as inspection contingency or loan approval contingency?

[MutaMestri]

@reality

Loan Application and Approval Contingency. Purchaser agrees to apply for the Loan in the amount specified
in Paragraph 2 within five (5) Business days from Purchaser's execution of this Contract and to diligently seek and
to qualify for the Loan within thirty (30) calendar days of the Purchaser's execution of the Contract (the "Loan
Approval Contingency Period"). Purchaser hereby authorizes Seller to obtain information from the Lender on the
status of Purchaser's Loan application. The failure of Purchaser to apply for and to secure satisfactory evidence of
Loan approval within the Loan Approval Contingency Period shall constitute a breach of this Contract, and Seller
shall have, at its sole option, the right to retain all sums paid by Purchaser and to cancel this Contract. If the
Purchaser cannot qualify for the Loan and Seller receives written notice from the Lender reflecting such fact within
the Loan Approval Contingency Period, this Contract may be terminated and the Earnest Money will be refunded if
the Contract is terminated, less a deduction for the cost of Seller's customary contract processing fees (e.g., credit
report, loan processing and architectural fees). Purchaser's inability to secure financing shall not entitle Purchaser to
the return of payments for any extras, upgrades or special options if Seller has already commenced construction of
the Home prior to receipt of notice of the Purchaser's failure to qualify for the Loan. Alternatively, if no written
notice of Purchaser's failure or inability to secure the loan is received by Seller within the Loan Approval
Contingency Period, Purchaser shall be deemed to have WAIVED all contingencies related to qualifying for the
Loan, and the Seller, at its sole option, may elect to proceed with the Closing and require Purchaser to acquire the
Home. The right of Purchaser to any refund of the Earnest money terminates at the conclusion of the Loan
Approval Contingency Period, and Purchaser will not thereafter be eligible for any refund even though
Purchaser's loan qualification is withdrawn by the Lender for any reason, including unforeseen changes in
the Purchaser's financial condition.


 

Purchasing Home Inspections.
A. Home Inspector Credentials. Purchaser, at Purchaser's sole expense, may have the Home inspected after
Substantial Completion of the Home and prior to New Home Orientation. Any such inspection must be
performed Monday through Friday, starting no earlier than 9 a.m. and completed no later than 4 p.m. by an
inspector ("Inspector") with all the following credentials presented in writing to Seller prior to conducting
the inspection:
1. Must be a Licensed IRC Inspector with current Certification;
2. Inspector must maintain General Liability insurance in the amount of at least One Million U.S.
Dollars ($1,000,000.00) naming Seller as additional insured on a primary and non-contributory basis;
3. Inspector must maintain Workers Compensation insurance with statutory limits and Employers
Liability insurance in the amount of at least Five Hundred Thousand U.S. Dollars ($500,000) with
waiver of subrogation in favor of Seller;
4. Inspector must have a valid business license in the jurisdiction in which the inspection is being
performed; and
5. Inspector must be licensed in any state requiring the licensure of home inspectors.
The Inspector must provide satisfactory evidence of all the above credentials no later than five (5) calendar
days prior to the inspection date or the Inspector will not be allowed on the Property and shall be deemed a
trespasser if he or she enters the Property.

 

B. Inspection Report. Seller shall not review any report by an Inspector who is not in compliance with the
credential requirements or who trespasses on the Property. All persons present during the inspection shall
comply with all OSHA requirements. If the Purchaser desires to present to Seller any information obtained
from the Inspector, the Inspector must prepare a written report ("Report") noting the Inspector's findings and
referencing the specific code sections of any alleged building code violations. If there are violations, the
Inspector shall deliver the same to Purchaser (with a copy to Seller) at least ten (10) calendar days prior to
Closing.
E. Inspection. During any inspection or visit, Purchaser shall not refer all questions to any party other than
Seller or a representative of Seller, including, but not limited to, any construction worker. Purchaser agrees
that because of construction hazards and the potential for injury, Purchaser and Purchaser's agents will not
visit or inspect the Property except if the visit is approved in advance in writing by the Seller, which
approval, may be withheld in the sole discretion of Seller. Purchaser agrees to defend, indemnify and hold
Seller harmless from and against any accident, injury, harm or other loss that might occur to Purchaser or
Purchaser's representatives during any authorized or unauthorized visit to the Property.

[reality]

4 minutes ago, MutaMestri said:

@reality

Loan Application and Approval Contingency. Purchaser agrees to apply for the Loan in the amount specified
in Paragraph 2 within five (5) Business days from Purchaser's execution of this Contract and to diligently seek and
to qualify for the Loan within thirty (30) calendar days of the Purchaser's execution of the Contract (the "Loan
Approval Contingency Period"). Purchaser hereby authorizes Seller to obtain information from the Lender on the
status of Purchaser's Loan application. The failure of Purchaser to apply for and to secure satisfactory evidence of
Loan approval within the Loan Approval Contingency Period shall constitute a breach of this Contract, and Seller
shall have, at its sole option, the right to retain all sums paid by Purchaser and to cancel this Contract. If the
Purchaser cannot qualify for the Loan and Seller receives written notice from the Lender reflecting such fact within
the Loan Approval Contingency Period, this Contract may be terminated and the Earnest Money will be refunded if
the Contract is terminated, less a deduction for the cost of Seller's customary contract processing fees (e.g., credit
report, loan processing and architectural fees). Purchaser's inability to secure financing shall not entitle Purchaser to
the return of payments for any extras, upgrades or special options if Seller has already commenced construction of
the Home prior to receipt of notice of the Purchaser's failure to qualify for the Loan. Alternatively, if no written
notice of Purchaser's failure or inability to secure the loan is received by Seller within the Loan Approval
Contingency Period, Purchaser shall be deemed to have WAIVED all contingencies related to qualifying for the
Loan, and the Seller, at its sole option, may elect to proceed with the Closing and require Purchaser to acquire the
Home. The right of Purchaser to any refund of the Earnest money terminates at the conclusion of the Loan
Approval Contingency Period, and Purchaser will not thereafter be eligible for any refund even though
Purchaser's loan qualification is withdrawn by the Lender for any reason, including unforeseen changes in
the Purchaser's financial condition.


 

Purchasing Home Inspections.
A. Home Inspector Credentials. Purchaser, at Purchaser's sole expense, may have the Home inspected after
Substantial Completion of the Home and prior to New Home Orientation. Any such inspection must be
performed Monday through Friday, starting no earlier than 9 a.m. and completed no later than 4 p.m. by an
inspector ("Inspector") with all the following credentials presented in writing to Seller prior to conducting
the inspection:
1. Must be a Licensed IRC Inspector with current Certification;
2. Inspector must maintain General Liability insurance in the amount of at least One Million U.S.
Dollars ($1,000,000.00) naming Seller as additional insured on a primary and non-contributory basis;
3. Inspector must maintain Workers Compensation insurance with statutory limits and Employers
Liability insurance in the amount of at least Five Hundred Thousand U.S. Dollars ($500,000) with
waiver of subrogation in favor of Seller;
4. Inspector must have a valid business license in the jurisdiction in which the inspection is being
performed; and
5. Inspector must be licensed in any state requiring the licensure of home inspectors.
The Inspector must provide satisfactory evidence of all the above credentials no later than five (5) calendar
days prior to the inspection date or the Inspector will not be allowed on the Property and shall be deemed a
trespasser if he or she enters the Property.

 

B. Inspection Report. Seller shall not review any report by an Inspector who is not in compliance with the
credential requirements or who trespasses on the Property. All persons present during the inspection shall
comply with all OSHA requirements. If the Purchaser desires to present to Seller any information obtained
from the Inspector, the Inspector must prepare a written report ("Report") noting the Inspector's findings and
referencing the specific code sections of any alleged building code violations. If there are violations, the
Inspector shall deliver the same to Purchaser (with a copy to Seller) at least ten (10) calendar days prior to
Closing.
E. Inspection. During any inspection or visit, Purchaser shall not refer all questions to any party other than
Seller or a representative of Seller, including, but not limited to, any construction worker. Purchaser agrees
that because of construction hazards and the potential for injury, Purchaser and Purchaser's agents will not
visit or inspect the Property except if the visit is approved in advance in writing by the Seller, which
approval, may be withheld in the sole discretion of Seller. Purchaser agrees to defend, indemnify and hold
Seller harmless from and against any accident, injury, harm or other loss that might occur to Purchaser or
Purchaser's representatives during any authorized or unauthorized visit to the Property.

All you have is loan contingency… 

When did you sign the contract?

[TuesdayStories]

17 hours ago, csrcsr said:

Warranty lo cover avutayi kada bro

Some settling issues (minor hairline cracks theybsuggest to wait 11 months)

 

 

[MutaMestri]

1 hour ago, reality said:

All you have is loan contingency… 

When did you sign the contract?

Jun 16th , sign chesina
Jul 17th , closing

[reality]

1 hour ago, MutaMestri said:

Jun 16th , sign chesina
Jul 17th , closing

You should have your loan granted by now? 

Just check about warranty period and have builder take care of the issues.

Nothing else you can do.