All Topics / Legal & Accounting / Vandalsied before settlement date

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  • Profile photo of kiddz7kiddz7
    Member
    @kiddz7
    Join Date: 2011
    Post Count: 1
    January 23, 2011 - 11:48 pm

    hi Guys,

    I just bought a property, when the bank valuator came down a few days after i signed the contract, he said the copper pipers and taps were missing, so it is not in a liveable condition, we would need to have the house to a liveable state before the bank will approve our loan.

    What is the best thing to do here? Do i have a case to ask the vendor to fix all the damaged? furthermore, I noticed that the property door was left wide open when I went there, so the agent didnt locked the door.

    My settlement date is getting closer and im becoming really anxious

    Please advise me what action to take in this situatio.

    THanks

    Profile photo of Scott No MatesScott No Mates
    Participant
    @scott-no-mates
    Join Date: 2005
    Post Count: 3,856
    January 24, 2011 - 1:24 am

    if the condition of the property has changed since executing the sales contract you may have grounds to delay settling or break the contract. Speak to you solicitors/Conveyancer & get them to notify the vendor accordingly.

    Profile photo of Jamie MooreJamie Moore
    Participant
    @jamie-m
    Join Date: 2010
    Post Count: 5,069
    January 24, 2011 - 10:53 am

    Hi Kidz

    Welcome to the forum.

    Sorry to hear about your situation. Which state are you in? Have you exchanged contracts yet?

    Jamie Moore | Pass Go Home Loans Pty Ltd
    http://www.passgo.com.au
    Email Me | Phone Me

    Mortgage Broker assisting clients Australia wide Email: [email protected]

Viewing 3 posts - 1 through 3 (of 3 total)

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