Q: I bought my house in New Jersey, signed the contract in April, and got it inspected within the ten day window. During the inspection, the electrical panel was not available due to being blocked by poorly hung drywall. This was really inconvenient for me, because the house was disclosed as having aluminum wiring, and I would not want the house if this is the case. However, the sellers said they weren’t 100% sure. In their reply to my request list, they said they would have a licensed electrician come out an inspect the wiring at their expense (since they did not have it available to my inspector), I said ok. But now, it is 2 months later, and they still have not had an electrician out there. They’ve wasted two months of my time, and I still don’t know if the wiring is going to be a contract breaker. What are my options at this point? My realtor’s philosophy is, “the sellers will take care of it,” but rewiring a house can cost up to $8000, and they said in the contract they were only willing to complete repairs up to $500.
A: I hope you got an extension (in writing) for the inspection time frame. Otherwise, you might be bound to the contractual language written in the existing contract you & the sellers signed. If your agent thinks that ‘they will take care of it’, then, get him / her to get it put into writing for your approval (on the conditions of how they will take care of it) & signature (once you approve). My question for you is – is your agent representing you (with a written buyer agency agreement) or the seller?