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Real Estate
Reply to "House under contract, but aluminum wiring"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Is aluminum wiring illegal meaning the seller would need to fix it before selling to someone else[/quote] That real estate contract doesn't work that way anymore. Homes are sold as-is and the seller doesn't have to fix stuff like this. OP, if you have a home inspection contingency, rather than a general inspection contingency, get multiple estimates and get a seller credit. If you have a general inspection contingency and don't have the money to rewire properly yourself, [b]I would walk. The sellers will need to disclose this to other potential buyers[/b].[/quote] And because of that, the sellers are likely going to be willing to negotiate some additional credit to you for this. It's worth raising through your agent. We just bought and sold with general inspection contingencies and had seller credits in both deals after inspection reports disclosed some items that gave the buyers great pause (us in the first transaction, and the buyers in our sale transaction). [/quote]
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