Dec 7 2012, 10:05 PM
QUOTE(AVFAN @ Dec 7 2012, 06:40 PM)
sime is just acting by the book. so have other developers.
by hda law, spa is between developer and original buyer. dlp/warranty is not transferable, unlike cars. this has been the case forever.
so, buying subsale is, strictly speaking, "as is where is". this has been the case, forever as well.
before the big speculation/flipping in recent years, just about all dev honor the full dlp whether original or subsale buying as goodwill.
they need not do that if they go by the book but as they are biz minded, they just do it.
some dev used to have the reputation of calling owner, original or subsale to file defects request right before dlp expires. how nice!
now, due to intensive speculation and flipping, dev no longer want to do this. more so since they have made all that money.
this has brought some strange issues: some subsale buyers insist in the spa that the seller fix this and that which may not always be possible. during the transition period b4 title transfer, dev is obliged to fix defects, so that is still fine. once title transfer is filed and developers have a way to track that, seller loses this privilege. developer may or may not entertain subsale buyer's request. officially, they always say "no" but go by the book. in reality, they may still exercise some goodwill and do it. regardless, a good developer will fix structural issues till eternity but will probably not give you a new coat of paint. crap develepers will strcitly not botther with subsale buyers at all.
now, another reason for dev to go by the book - they have a new tactic to sell - genuine home buyers to buy new from developers!
flippers should not sell by counting on dlp anymore. better stick to "as is where is" as this can lead to ugly scenarios. they have been cases subsale buyers insist seller "guarantee" the dlp or "fix everything" in the subsale spa. a silly seller can get into a lot of trouble this way.
Thanks bro for that update so I guess I have to bite the bullet and hope nothing goes wrong after this. Now the sub con is doing some work I guess it's goodwill.by hda law, spa is between developer and original buyer. dlp/warranty is not transferable, unlike cars. this has been the case forever.
so, buying subsale is, strictly speaking, "as is where is". this has been the case, forever as well.
before the big speculation/flipping in recent years, just about all dev honor the full dlp whether original or subsale buying as goodwill.
they need not do that if they go by the book but as they are biz minded, they just do it.
some dev used to have the reputation of calling owner, original or subsale to file defects request right before dlp expires. how nice!
now, due to intensive speculation and flipping, dev no longer want to do this. more so since they have made all that money.
this has brought some strange issues: some subsale buyers insist in the spa that the seller fix this and that which may not always be possible. during the transition period b4 title transfer, dev is obliged to fix defects, so that is still fine. once title transfer is filed and developers have a way to track that, seller loses this privilege. developer may or may not entertain subsale buyer's request. officially, they always say "no" but go by the book. in reality, they may still exercise some goodwill and do it. regardless, a good developer will fix structural issues till eternity but will probably not give you a new coat of paint. crap develepers will strcitly not botther with subsale buyers at all.
now, another reason for dev to go by the book - they have a new tactic to sell - genuine home buyers to buy new from developers!
flippers should not sell by counting on dlp anymore. better stick to "as is where is" as this can lead to ugly scenarios. they have been cases subsale buyers insist seller "guarantee" the dlp or "fix everything" in the subsale spa. a silly seller can get into a lot of trouble this way.
If I knew this earlier would not have purchased a sub sale . Sigh
Quote
Maintain my Unifi in my current house unitl april 2013 (my father in law can use) then terminate.
0.0341sec
0.65
6 queries
GZIP Disabled