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
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Thank you A.W., Sharon and others who have replied with advice! I have a clearer picture on how to deal with this matter now and in the future!
I believe its the homeowners responsibility not the agents or buyers. In most cases the homeowner would still be living in the home unless they moved out of state due to either a work or military transfer. I can't imagine why the seller would take the chance of moving out. The "As-Is" offer is based on what the buyer saw during the viewing of the property and is noted on the agents inspection. Though, if something else came up damaged after the inspection, that could cause a big problem and keep the sale from closing if the bank or homeowner is not willing to fixed the issue. I say get a hold of the homeowner and ask them to turn the electricity on because they technically still own the property and have them keep an eye on their property or you should be going out there 2 or 3 times a week. Good Luck
If this is a short sale, it would seem to be the homeowner's responsibility. In foreclosures, the bank/lender becomes the homeowner. It will depend on the lender. Some will turn on water for inspections, others will require the buyer to turn on water and pay for de-winterizing and then re-winterizing. I always request that utilities be turned on for inspections when I submit the offer. Doesn't mean I always get it, but I request it.