Home Sweet Pool!
Summer is here and perhaps due to the pandemic and working at home this year, the hotline is getting many more swimming pool calls.
Use SCR310 DUE DILIGENCE because the buyer can inspect and either negotiate pool repairs or terminate by paying the seller the due diligence termination fee in a timely and proper manner.
Recommend the buyer obtain professional pool and insurance inspections during DUE DILIGENCE. Pools are complex systems that have a lot of sections which all need professional inspection and evaluation (e.g., the pool, the deck, the filtration systems, the drain systems, the heating system, the treatment systems, the fencing, the safety equipment, the electrical equipment, leaks, utility costs, insurance costs, accessories, chemicals, hot tubs jacuzzis, maintenance, warranties, problems, landscaping, installation, legality).
Remember that many pool accessories are personal property and do not convey unless added into the contract. Do not attach, mention, or rely on the MLS information…instead write the items into the contract (e.g., pool furniture, pool toys, pool cleaning devices, floats, chemicals, covers, floating alarms).
Recommend the seller provide.a RESIDENTIAL PROPERTY CONDITION DISCLOSURE STATEMENT for both disclosure and risk management.
SCR310 requires the seller to maintain utilities so the pool can be inspected unless otherwise agreed.
Buyers should enjoy their pool and read everything they can on pool enjoyment and maintenance prior to the expiration of DUE DILIGENCE.
Posted by: Byron King on 06/18/20 (This information is only accurate as of 06/18/20. You must contact SCR for updates and changes to this information after 06/18/20 as laws and regulations may change over time. SCR 803-772-5206 or email Byron)