what should i do?

Question

last jan 30 the builder & our realtor inveted us to the house that were buying, at that time it still has no flooring, the paint not yet good, in other words "it's not yet finish". then last feb.15 again the builder and our agent inveted us for a walk in at the house, by that time the house was already 80% finish but still have many things to finish coz even the inspector that we hired said it's his 1st time to inspect a house that is not finish! this morning a lawyer phone us saying well be having our closing this feb. 21 in the morning. also our builder call us saying the same as the lawyer. were trying to contact our agent but we cant reach him. we talk to our builder again asking him if we are going to have a final walk through at the house and he said no more coz we already done it last feb 15. now my question is , is it ok to do the closing even if we dont know if the house is 100% finish? coz the last time the inspector give us 2 pages for a report that our builder has to do.

Answer 1

Did you agree to buy a home that is only 80% finished?

If the answer is no I would politely and matter of factly state,
"I agreed to buy a home with XY&Z.
I will be available on Feb 20th for the final inspection. I will not be signing any papers until the house reflects the condition in which I agreed to buy it."
Once you sign papers you are accepting it in the condition its in. Your inspector may be trying to give you his "there's something wrong here" without ticking off the realtor and losing future business. Your realtor is working for the builder and just wants the deal done to get paid or else he wouldnt be waisting your time having you walk thru a house that is not done.

If your inspector gave 2 pages of stuff to do you should not sign anything until that same inspector has gone out and signed off that all that was done. His job is to protect you and he is trying to.
I would call the attorney back and say I will be happy to come sign final paperwork when the house is completed and I have been able to see it and confirm that with my inspector. I would call my own real estate attorney and ask how to proceed legally.

Good Luck

Answer 2

You keep rewording this question.
I don't know what answer you are hoping for but if I were you I would tell my agent that I am not going thru with closing until and unless I have a final walk thru 24 hours or less before the time of closing. This should have been written into you original contract. If there are things that you see at the walk thru that you are not happy with tell your agent that you are not closing unless and until these things are corrected. You have asked if you can do this "in secret". The answer would be NO do not do that. You hired your agent to keep your interests, make him/her do the walk thru with you and have them write down every problem you find. It is their job to get you what you are paying for. Do not close until the completed house is reinspected by the inspector you hired. You say the inspector gave the contractor a two page list? Then the inspector has to go back to reinspect every one of those items he listed. DO NOT AGREE TO THE Feb 21 closing date, ask for it to be extended until you have all the proof you need. Once you close it will be much harder to get anything out of the contractor.

Answer 3

No, dont close on the house unless it is finished. There may be a minor "punch out" list, small spackling or small little things, but nothing major. They will have to have a CO, certificate of occupancy. But you do get a walk through before closing, I woudl go the day before so if it is really undone, you know not to close the next day. Then tell the mortgage broker if the docs are drawn yu will not pay the redraw fee, the builder must. He is pushing this saying its done its done its done, and...unless it is done, you wont close.
That being said, MINOR things are ok, for them to fix in the next 10 days, if you trust them. But not MAJOR...flooring MUST be in, paint MUST be done, Applicances MUST.....

gget the picture?
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Good Luck

Answer 4

BY LAW, AS A BUYER TO PURCHASE A NEW PROPERTY, I HAVE THE RIGHT TO REQUEST A FINAL WALK THRU OF THE HOME AND IF I AM NOT GRANTED THE REQUEST, BY LAW I AM NOT OBLIGATED TO GO TO THE CLOSING ON FEBRUARY 21. 

Answer 5

They may think that the house is ready but if it was me I would want to see that the house was indeed finished.

As I see it it is well within your rights to check that the things that needed doing are done.