Built-in Stove - FHA MPR item?

[Gerry Sauceda]

A new construction home is complete(kind of), however, the built-in stove is not installed on the countertop. Since it is built-in (attached), it is not personal property. I made this a subject to completion due to it being built in.
All I found on the most recent FHA 4000.1 is:
Appliances that are to remain and that contribute to the market value opinion must be operational.

Also, it would mean the construction is not technically complete

Am I misinterpreting this?

 

[Dublin ohio]

A new construction home is complete(kind of), however, the built-in stove is not installed on the countertop. Since it is built-in (attached), it is not personal property. I made this a subject to completion due to it being built in.
All I found on the most recent FHA 4000.1 is:
Appliances that are to remain and that contribute to the market value opinion must be operational.

Also, it would mean the construction is not technically complete

Am I misinterpreting this?

Was it part of the construction contract. I have had numerous new builds where some or all of the appliances were to be provided by borrower

 

[Gerry Sauceda]

Was it part of the construction contract. I have had numerous new builds where some or all of the appliances were to be provided by borrower

It is not part of the contract. However, the place where the stove is supposed to be requires a space to be cut out of the granite counter and the stove fit and attached. There is no other space for a stove in the kitchen, unless you get an extension cord and put a movable stovetop on the counter, which is atypical. My point is, for a working stove to be placed by the buyer, since the granite needs cutting, wouldn't that be considered incomplete construction and still be subject to completion.

 

[Mike Ault]

It is not part of the contract. However, the place where the stove is supposed to be requires a space to be cut out of the granite counter and the stove fit and attached. There is no other space for a stove in the kitchen, unless you get an extension cord and put a movable stovetop on the counter, which is atypical. My point is, for a working stove to be placed by the buyer, since the granite needs cutting, wouldn't that be considered incomplete construction and still be subject to completion.

I agree with you. There is no stove installed where the builder intended to install one. "Subject to completion" would be the way I would report that.

 

[Dublin ohio]

I agree with you. There is no stove installed where the builder intended to install one. "Subject to completion" would be the way I would report that.

Even if it is not part of the construction contract? That is going to leave a mark

 

[Mike Ault]

Even if it is not part of the construction contract? That is going to leave a mark

it's not a functional kitchen without cooking facilities. Life is tough, the client needs to wear a helmet if they're going to try and play hardball with that requirement.

 

[Dublin ohio]

play hardball with that requirement.

Ok Fernando. Source?

 

[Mike Ault]

Ok Fernando. Source?

Plans and specifications. If the new construction project is not completed in accordance with them, then it is automatically "subject to completion". Appraisal 101. Dublin.

 

[Dublin ohio]

Plans and specifications. If the new construction project is not completed in accordance with them, then it is automatically "subject to completion". Appraisal 101. Dublin.

It is not part of the contract

You might try reading 101

 

[Mike Ault]

You might try reading 101

The back half of the driveway is not technically "part of the contract either", would you appraise the subject "as is" if it was missing?