Home Buying in 01850>Question Details

James Woodard, Home Buyer in Hendersonville, TN

The home inspector just found out that the crawlspace is flooded and couldn't even finish the inspection.

Asked by James Woodard, Hendersonville, TN Tue Jan 14, 2014

What is the best way to proceed from here, and do we loose money on the home inspection even though it couldn't be completed>

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If your home inspection was incomplete due to a condition of the property your agent should be requesting an extension of the home inspection contingency until the condition causing the flooding has been identified and remedied at which time the home inspection should be completed. The home inspection company will likely charge an additional fee due to to having to revisit the property. Try to determine if the flooding is a continuous problem and you may not wish to purchase that particular property if it is.
1 vote Thank Flag Link Tue Jan 14, 2014
These things can happen, as said before an extension would be something to look into. Hopefully you are working with a buyers agent and they can give you more specific guidance. Finding out why there is flooding would be one of the first steps unless you didn't want to proceed with the purchase and you made a home inspection a contingency to your offer. Most times it's typical that you would be out the money for the inspection but rather than thinking of it that way you should look at it like it was a learning experience of items to be on the lookout in the future if you decide to look elsewhere. Crawl spaces can be dry, wet, damp or some mix of all. Flooded is another story, is the home in a flood zone? Does it have a history of surface water issues? Might this be the reason the property has a crawlspace rather than a full basement? Do other homes in the neighborhood have crawl spaces or basements or histories of water issues? What is the topography of the neighborhood? Is it near bodies of water or wetlands? These are all items you should look into with your buyers agent and/or attorney and use their professional guidance in how to proceed.

Good luck, let us know how you make out
0 votes Thank Flag Link Tue Jan 14, 2014
James,

It is easy for any of us to give advise but do you have representation?

If so what does your buyer agent recommend?

Not knowing what you signed puts us at a disadvantage to give you proper guidance.

Were you ever given a sellers disclosure statement? Did you sign that? Did it mention any issues regarding water?

Did the offer have an inspection contingency?

What was the wording of that contingency?

Based on the wording it will explain what exposure you have if any.

The fact that the inspection could not be completed, is immaterial based on what you observed to that point and why it was stopped. That still will not answer the exposure you have - that is based on what you signed.


Are you still interested in the home?

Louis
0 votes Thank Flag Link Tue Jan 14, 2014
Talk to the home inspector
0 votes Thank Flag Link Tue Jan 14, 2014
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