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Real Estate
Reply to "House under contract, but aluminum wiring"
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[quote=Anonymous]I would want the house rewired by an electrician of my choosing. Or I would want money from the seller in the amount of an estimate I got to have the house rewired by an electrician of my choosing. But a lot depends on what kind of contract you have. If you have the option of voiding the contract based on the inspection (without having to ask for repairs) and you aren't necessarily enamored of the house/location, then just walk. My understanding is a house can be rewired, an electric panel can be replaced and upgraded. But it can be expensive, and I wouldn't want to live in a house until that issue was addressed. I'm not an electrician. That's just my personal opinion. You really need to talk to your real estate agent to know exactly what your options are and what the time constraints are. Usually after the inspection, the buyer has like 2 days to get back to the seller. Don't wait too long and run out of time. I would also get on the phone with an electrician and get some ballpark numbers for how much it is to rewire a house the size and age of the house you are looking to buy. Also find out how long that job usually takes.[/quote]
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