When we purchased our brand new condo last November we were advised that the items completed in our walk-through would be completed within 30 days of closing. We closed Nov. 15th to advice from the real estate agent saying that the builder had always kept their word and nobody had had problems before.... here we are OVER SIX MONTHS LATER and we still have a list of items on the fridge that we have been calling and faxing and pressuring the builder over - our requests aren't unrealistic, we've actually dropped items that we finally decided "we could live with". Is there ANYTING we can do???
To top it all off... last week the main pressure valve for the emergency sprinkler system burst and flooded the entire bottom floor of our building (all 4 units including mine!) and it's now unliveable for the next month! ... they still don't know why ours burst etc... ANY HELP!?!?!? PLEASE!
2007-06-21 08:21:43 · 3 answers · asked by AriesJWR 4 in Business & Finance ➔ Renting & Real Estate
If the builder is licensed and bonded by the state you live in you may have recourse against his builder's bond which is an amount set aside to settle claims against the builder.
Call your state's contractor's board and see if there are any outstanding claims against the builder (if you're not the only one, he may have exhaused his bond) and to request the forms and start the process.
Failing that, sue the stuffing out of him.
2007-06-21 09:07:37 · answer #1 · answered by Anonymous · 0⤊ 0⤋
If you have a piece of 2x4 wood handy, use it to club your real estate agent alongside the head. When I encounter such situations, we close with an escrow amount in a value of approximately 150% of the work which needs to be yet completed. If the seller(builder) doesn't like it, we don't close unless the buyer insists AGAINST my advice. This builder now has no urgency, since he already has all your money.
Keep pressuring and put some pressure on your realtor, indicating that you would advise any future buyers who might contact you of what occurred.
2007-06-21 08:48:04 · answer #2 · answered by acermill 7 · 1⤊ 0⤋
Yes- sue. You may want to start by getting a letter from a lawyer out to these people, it just might get the ball rolling when they see you mean business.
2007-06-21 08:30:09 · answer #3 · answered by magikal01 4 · 1⤊ 0⤋