Wednesday, October 21, 2015

What's this switch do?

Things have been moving forward on all fronts and it looks like we will be in the house sometime in early November.  The lenders can't confirm a date but everyone feels comfortable telling me early November. Here's the updates on everything:

Landon
My partner had class cancelled last night and I had a rough day so we decided to go check out our new home and how close they are to being completed.  They started to install appliances which I thought we would be locked out but we aren't.  There was a contractor working across the street who plugged into our house.  We aren't sure if that is why the house was unlocked but we were happy to go inside.

They continue to work on the inside and improve things.  We noticed the carpet was down, toilets were installed, and a lot of the damage to the walls were being fixed.  The house had tons of nicks and dents but most were addressed.  The paint around the railings were touched up.  The sink in the garage was installed and spickets on the outside pipes.  The dishwasher was put into the kitchen and started.  The hot water heater was installed, but the water hasn't been turned on.

Now one thing we noticed was with the electrical.  The two of us walked around trying to turn on lights and we found a bunch of switches that do not do anything.  A good example is there are no switches that turn on our dining room light.  The best is out master bedroom walk in closets.  The 2nd closet doesn't work unless the light is on in the 1st closet.  It seems like the electrical is a mess.

There are still a few punch list items they haven't addressed or taken care of.  They are:
1) We still have a dent in one of the panels of the garage door
2) Guardian never moved the external speaker or even responded to us about it
3) The loose hot water pipe was tightened by the cover and it not lined up with the cold water....basically the hot water pipe is 3 inches lower than the cold water pipe.  It's not that noticeable since it's in a vanity, but considering all the headaches buyers are doing to my house, this should have been perfect.

We also noticed they started to backfill the ground up to the house.  There are spots were it looks like stone is missing as there is a gap between where the stone ends and the ground begins.  Hopefully they fix this.  The morning room door still doesn't have trim and the outside is missing siding.  The seams on the siding on the front of the house was overlapped in the wrong direction so you can see them when standing in the front door.  We can't figure out why so many switches do nothing.

We aren't getting involved and letter our PM do his job.  We'll get out final check soon where we make a final punch list.

NVR & Clearview
The bridge loan officer submitted everything to underwriting yesterday morning.  Her and I talked and exchanged estimates of loan payments, etc. and it seems the monthly debt service will be less than estimated.  NVR is still stuck waiting on a term sheet from Clearview.  I hope to get this today so NVR can do their final check.  Hopefully this paperwork can be ready for a Nov 5th closing.

Home Sale good and bad
The new buyers seem really nice and their agent is working on the closing.  We have a settlement company already and they already asked for utilities.  To make sure we disclose everything, we gave them a copy of the prior buyer's inspection report so there is no "I didn't know" and that this house is "as-is".  I like this younger couple and they are so nice and reasonable so far I am knocking out extra home projects for them.  This weekend I might replace a yucky water trap for them and work on a home owners manual.

The prior buyer's agent sent me a nasty email since I have not signed the release of the hand money deposit.  We incurred financial damages from him backing out of the deal and he did it by making unrealistic demands of replacing the deck when his inspector noted repairs.  He also demanded a new electrical panel even after we lowered the price for it.  His agent noted the repairs were "over whelming and costly" but I did them all last Saturday for under 1,000 bucks......not overwhelming or costly in my view. The buyers contract notes we have 180 days to release the funds.  If they wanted it sooner they should have lowered the days when they drafted the contract, but they didn't.  I have been in business for years and I never sue for anything under 20,000.  It would be costly and a waste of time to sue for 1,000 of hand money.  If they were polite and attempted to understand my position we could work out a solution but they went straight to a legal threat.  We suspect he found another home when their agent never provided us with a settlement company, never participated in repair negotiations, and urgently needs their hand money.  Again..... selling a home sucks!!!

Moving
We are kind of in limbo over moving.  Not having a closing date makes it hard to plan a moving date.  We can't hire movers or plan our furniture delivery.  We are going to try and box up as much as we can this weekend in hope that we can be moved the end of the first week in November.  I'm not looking forward to moving.

Here are some pictures of the Landon:


We found that these lights worked, but not the others


These lights work but not the other recessed lighting




I wonder why they didn't pre-wire the garage so the remotes are under the plaster board



My extra outside line rough in was left in but not hooked up


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