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Short Sales- AS IS Contingency and Inspection Process

Posted by Alfred Purcell on July 22, 2013 at 7:23pm in Short Sale Discussions

Hello, I am going through my first AS-IS, short sale transaction (as a Buyer's Agent) and would like to know who is responsible for turning on water services at property?  Property is vacant.  The Lender has winterized the plumbing supply in the house, yet, has allowed the Owner (non-occupant)  to keep electricity on.  Is it the Purchaser's, Seller's or Lender's duty to hire a plumbing company to turn on water for inspection purposes?

Please advise.

Thanks, Kim Purcell

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Replies

  • Jeff Payne July 23, 2013 at 1:48am

    I ALWAYS include in the contract that if the utilities need to be turned on, it is the buyers responsibility, otherwise it is the sellers responsibility

  • Debbie Waitley July 22, 2013 at 11:20pm

    It is actually up to the seller whether they turn on utilities or not.  If the seller will not do it, you have to ask their permission for your buyer to inspect and turn on. 

  • Bryant Tutas July 22, 2013 at 11:13pm

    The lender will not pay for this so it need to be the buyer/seller or agents. I have running accounts with the utility companies so I can connect service with a phone call.

  • Bryant Tutas July 22, 2013 at 11:11pm

    It all depends on how the contract was negotiated. Read the inspection clause.

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