If the existing 220 circuit was designed for just one oven, make sure the circuit can handle the dual oven! Check the amp requirements for the oven and see if the circuit matches or exceeds that.
What CB said about the cabinet. We ripped the face trim off, and there was enough space to get the 30-inch ovens in.
Am having issues with Escrow this morning that don’t have anything to do with me or the Seller. I had two investors wire money into escrow and now Escrow is demanding that the investors sign something about 3rd party funds. What the hey?? This has never happened before and I do not understand the issue. I can guarantee that when a bank wires funds into escrow, they are not trying to hunt down someone at the bank to sign a piece of paper within 2 hours. The paper is just a CYA on their part stating that, if escrow does not close for some reason, they will be returning the funds to the Buyer directly… not back to whomever wired in some money.
One guy is available, but the other investor is an extremely busy man who is actually on a road trip vacation with his wife right now. He doesn’t have any way to print out, sign and send back some stupid form. Currently trying to straighten this out. I’m hoping it does not delay escrow in any way
Never a dull moment
That is ridiculous, the banks are getting crazy with some of their internal rules these days.
Luckily there is no bank involved here or I would probably be having all kinds of other last minute issues. This is some requirement of the Escrow company - for their audit file. She just confirmed that, even if they don’t have the signed papers back on Monday, it will not hold up escrow.
Perhaps the second fellow can send an email to the right person?? Or call??
Is this due to your having investors who are sending $$$, instead of your providing all of it yourself?
Yes, it is because investors are sending money directly into Escrow from their bank accounts (which have different name than buyer). Previously, even if I was borrowing funds, I would drive around and collect funds and put it into my bank account and then wire from my bank account. This time I need to save money on the interest, so I am having investors wire money directly into escrow so that I don’t have to pay interest for a couple of days holding in my account.
Turns out that the paper is a CYA form by Escrow. It merely states that they have received $$$ for an escrow held by Buyer Y. Notifying them that, if escrow is cancelled, the funds are disbursed back to the Buyer Y, not disbursed back out to every origin they came from. Escrow tells me that the form is just a CYA that needs to be in their file and it will not hold up escrow - THANK GOODNESS!
The escrow agent is being nice about it and has called the investor directly and he’s going to have to stop somewhere, print out, sign and send back the stupid form over the weekend. I’ve already warned her that another investor is sending funds early Monday morning.
I just feel really bad because I don’t want all this burden on my investor. He’s going to have to find some place to get this done - he’s not traveling around with a printer and scanner in his back seat.
Really don’t understand why they can’t do an electronic signature, when they email forms. He could do it on his phone.
Agents can do electronic signatures with Docusign and other software. For some reason, escrow companies either don’t allow it or are too cheap to buy some of the electronic signature software
He needs to find a Kinko’s. There, he can access his email, print the form, and fax it (or scan it) back.
So is the brother’s car gone tonight? Did he get on that plane?
Went by about noon and car was not there, but I don’t know if that means he got on the plane or not.
Car gone! Woohoo!!
Fingers and toes crossed!!!
NEW COMPARABLE
This property just went up for sale yesterday. It is located very close to the new project so it will be a good comparable for bank appraisers. Newer construction, very good views, roof top deck, slightly smaller lot. I think it is priced too high but I am going to watch it closely
I’m going to code this with our secret code
7 0 1 2 9
z u r c a t n a s 4 3 5 4
Today I am waiting to hear back on when I am allowed to do the Final Walkthrough. A final walkthrough is in the contract and I know that the Listing Agent and Buyer Agent are required to have a piece of paper in their file “Verification of Property Condition”. I have stated I cannot sign that form unless I am allowed to have a walkthrough, so it is up to them on whether we have one. We are all caught in a little pickle because the Sellers requested no more showings or inspections until close of escrow. I am OK with that, I will respect their wishes. But, there is a clause in the contract that says Buyer does a Final Walkthrough. If those agents need that piece of paper for their files, then we are going to have to do a walkthrough. I am also a little bit concerned about potential damage or stupid repairs that might have been done by the occupant.
Also, the contract clearly states that Buyer gets possession at 12noon on day of close. That is important to me because I need to know exactly what time to start paying guys to hurry up and put a berm up for the slope erosion. We are expecting rains on Sunday and I need to save that slope. Contract states 12 noon (with no contingency on whether the documents are legally recorded by then or not) but Listing Agent is insisting that they receive ‘confirmation’ of recording from Title Company. I know, from experience, that title company will probably not ‘confirm’ to agents until about 5pm on Monday. So, there is a contractual issue that I want cleared up before I start telling paid workers to show up at 12 noon. I have offered to take possession when funds are cleared into escrow. I do not want to be at the mercy of when title company gets around to sending out an email or something.
Of course, agents don’t see the issue because they deal with homeowners. I don’t think they deal with investors much and I keep trying to tell them that the date and time is very important in order to line up the work.
As a relatively recent seller of a house, I wouldn’t have permitted any workers doing physical labor on the property until the legal tranfer had occured and the deed recorded. All the cases that we read in law school about terrible things happening midway through a transaction (not necessarily a real estate transaction), when ownership wasn’t crystal clear, must have made me overly cautious on this kind of stuff.
Notelling, I believe that the agents are going to agree with you. But, on my part… I am paying interest every day those funds are in escrow. And, listing agent should not have agreed to a 12 noon possession if he was even paying attention to anything in the contract. I was insisting on a Tuesday Feb 2 close because I usually will not close on a Monday because I know exactly what that means… 3 days of interest for funds in escrow. But, at the last minute, Sellers came back with the final counter with this new date… Monday. At that point I was under the gun because of the multiple offers and I did not want to rock the boat.
I am paying utilities as of Monday and I have property insurance in place as of Monday 12:01am. I sent in the proof of insurance to escrow and the agents, even though I am not required to show Proof of Insurance for an All Cash transaction. I just wanted them to know that I have everything covered for transfer of possession.
Maybe I will just stand at the Recorder’s Office and watch the title runner record the deed. I have done that before in a tricky situation. Also, in previous transactions I have asked my title rep to be the one that takes docs personally down to Recorder. This means that she has authority to call agents immediately when the doc is recorded - rather than wait for some runner who has dozens of docs to send in their ‘end of day’ update.
What’s interesting about the house on z u r c a t n a s is that this is relatively recent new construction. If you look it up on zillow and look at the birds-eye view in the map, you will see this house and the house next door are under construction - they are in the framing stage. Shame on zillow for having such old satellite photos, as google street view shows the new house is there in 2007.
Even more interesting, if you scroll the zillow birds’ eye view over to cb’s new project, you can see the old house next door before it was rebuilt into a mcMansion. The old house was a tiny little house, completely at the back of the property, and it basically ended where cb’s house starts! The views from the deck must have been glorious until some selfish jerk built a giant box in the way. 
When did the sellers “request” that there be no more showings or inspections? They can’t modify the written contract. Maybe they know something that the brother did and they dont was to have that be an issue. But it is and issue, or can be. You have in writing that you have a final walkthrough. I’d require them to honor that. You are too nice.
" the Sellers requested no more showings or inspections until close of escrow"
too bad for them.
The final walk through has to happen or you should tell them you will walk.
Its in the contract that they signed.
But under NO CIRCUMSTANCES should you have any workers come on the property until you own it.
Other wise you are asking for trouble.