Real Estate Question! ??

[Biggs]

I googled my heart out and cant find my answer...

We saw a property a couple weeks ago and negotiated to a price. Contract is signed and executed.

I drive by the house today and the seller has a truck bed full of tin... I'm a little concerned and look at one of the back storage sheds and its being demolished...

Holy crap? What happens now? It is a part of the attached property and now its gone... Can they do this? Do they now owe me damages?

[scotth89]

I'm not sure, but I would be a little irate.

[bsills]

Have to look at your contract. What did the guy say that was taking it?

[BigThicketBoy]

Wow I would be upset too.

[DS_1974]

Is the storage shed attached to the house? If not does the contract state that the storage shed conveys? If the answer to both questions is no, then the storage shed is just like a refrigerator, washer, dryer, etc. The seller can take it with them.

[Russ]

He cannot alter the property like that. Its like buying land then draining the pond before closing.Or being made to close after the house floods, gets hail damage, fire damage....... I am in realestate and you can back out of your contract if you choose to cause of the shed. Or you can renegotiate the damages if its not that big of a concern.Either way you have options and should discuss which one is best for you with your agent!

[Ag 96]

Is the storage shed attached to the house? If not does the contract state that the storage shed conveys? If the answer to both questions is no, then the storage shed is just like a refrigerator, washer, dryer, etc. The seller can take it with them.

I disagree. A free standing storage shed is an improvement and, under every real estate contract I've ever seen, will convey with the property -- especially if they used the standard TREC contract.

[gekko man]

I would think that it woud have to be written in the contract for him to be allowed to dis-mantle anything on the property.

That would be be something that would lower the selling price of the property for me. It would be no different if you were to buy land with only a barn on it and the owner taking it with him and you now having no the barn on your land.

I would be unhappy to sa the least!

[47]

What a coincidence...

I was about to throw out a post, seems these types questions come up all the time on here. Here's a link with SEVERAL topics that cover many of the "Hey...I got a legal question" posts we see here all the time.

http://www.nunleyfirm.com/VideoFAQs.aspx

[BiggsWife]

The storage shed that is in question is attached to the ground, not a portable on skids.

[Russ]

Is the storage shed attached to the house? If not does the contract state that the storage shed conveys? If the answer to both questions is no, then the storage shed is just like a refrigerator, washer, dryer, etc. The seller can take it with them.

Thats NOT correct. Outbuildings, detached garages, inground swimming pools, and any other thing other than appliances would have to be mentioned by the seller in order for it to be removed from said property. Either way the buyer has the option to cancel if he feels mislead, not to mention its easy to get out of a contract anyway. Find something you dont approve of in the inspection or the financing terms, if within 2 weeks on the contract. If not within two weeks there is other ways just ask your agent that is what u pay them for. Unfortunately most of them suck.

[ken]

If it is permanantly installed it should convey with the property.

[Biggs]

Thats NOT correct. Outbuildings, detached garages, inground swimming pools, and any other thing other than appliances would have to be mentioned by the seller in order for it to be removed from said property. Either way the buyer has the option to cancel if he feels mislead, not to mention its easy to get out of a contract anyway. Find something you dont approve of in the inspection or the financing terms, if within 2 weeks on the contract. If not within two weeks there is other ways just ask your agent that is what u pay them for. Unfortunately most of them suck.

We don't want out of the contract over a storage building... what are our options now? The property has been devalued some after contract. And this guy prolly wont be willing to compensate a dime without some forcing required... is this going to turn into a civil matter or can it be forced before closing?

[Ohio Darin]

If it's a permanent structure and not a temporary shed then I would think you can force the issue prior to closing. Speak to your agent. I'm sure the previous owner doesn't want this to screw up the contract either. My guess it's going to the scrap yard. I would at east request the scrap value.

[cosmiccowboy]

Is the storage shed attached to the house? If not does the contract state that the storage shed conveys? If the answer to both questions is no, then the storage shed is just like a refrigerator, washer, dryer, etc. The seller can take it with them.

X2

I'm assuming the building was sitting on skids.

*edit* just saw that it wasn't

technically he was wrong

Is it really a deal breaker? If not, enjoy your new home. You didn't buy it for the shed. Don't let this ruin your experience.