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Mutual release form verse putting back on market?
If the seller hasn't signed the mutual release form they agreed to can they put the house back on the market? Can we make another offer before this takes place? It's at a impass because they arent agreeing to the issues which are major issues on the inspection like 22 year old furnace not functioning correctly and needs replaced. Like floors not properly installed.
Asked By Don Cherry | Greenwood, IN | 113 views | Buying | 3 months ago
Answer(1)
Tom Matthews
Gibson Sotheby's International Realty
Don, I sell in Massachusetts and in our state the release is for the escrow monies. You need to consult your broker or attorney, but if the days by which you must perform have passed then the seller can typically relist the property and then you go to court to fight over the escrow monies. That is how it would happen in MA. A 22 year old furnace is fully depreciated, and sellers may not negotiate over that without an expert opinion. Home inspectors are generalists and I would recommend having in a HVAC specialist to confirm the findings and give a more specific recommendation. Too often the buyers lean on the inspection report and there is information that a specialist may agree or disagree on! Good luck, Concord, MA real estate
- 3 months ago
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