St Petersburg| Do I have to keep the utilities on in a Short Sale?
As Short Sale Agents in St Petersburg, Florida we see this very often to a point where we now include it in our MLS description and the contract that “buyer might be responsible for having water and electric hooked up for inspections and walk thru.”
See, most people that list their home in St Petersburg as a Short Sale simply do not have the money to keep their utilities connected. Once they have moved out, they disconnect the services, they just can’t afford to pay for electric and water.
It is already difficult to show a house or condo here in St Petersburg that has no electric or water but it can be done. The real problem comes in after we receive an offer and the Short Sale buyer wants to do his inspections.
Well, there is no way that you can do a property inspecting without utilities. So, now we are stuck. In the standard real estate contracts it says that the Short Sale seller has to provide the utilities for inspections on a St Petersburg home or condo BUT he or she doesn’t have the money.
This is a real problem and you can lose your contract over this issue and have to start all over again. Buyers can get very aggravated during a Short Sale process, nothing moves fast enough, a ton of additional signatures for all kinds of addenda are needed, nobody can give them a real timeframe and one goes the list.
If then all of a sudden they hear that the utilities are an issue they get very upset but if you tell them right away, before they make an offer, they already know that might be coming and it doesn’t upset them.
So, Short Sale buyers and sellers in St Petersburg, keep this in mind. Add it to the purchase offer and nobody is unpleasantly surprised if this situation comes up.
Call me today 727 410 7777 if you have questions about a Short Sale here in St Petersburg.
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