Question Details

Luke M., Home Buyer in 55407

Are we stuck paying for an expensive plumbing issue that has come up after an inspection?

Asked by Luke M., 55407 Tue Aug 19, 2008

We have not closed on the property yet, and we are going through a city loan program to purchase the property, so we need to have repairs done to the property to code per the city inspector's report. We were getting estimates from plumbers to fix a plumbing issue as noted on the inspector's report and are getting estimates for over $10,000 to fix the plumbing---apparently the current owner's did much of the plumbing themselves incorrectly. We've had a couple of inspectors look at the place and no one mentioned that the plumbing was a huge mess--but that is what various contractors have been telling us. My question is, since we have already signed a purchase agreement, are we obligated to fix this problem, or can we ask the seller to help, since they are the ones who did the plumbing in the first place?

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Answers

2
Hi Luke,

The answer will depend on the language in your purchase contract and your local disclosure laws. Did you have an inspection contingency? Have you released that contingency yet? Also, in some states, the seller is required to fill out a property disclosure. Did they disclose that they had plumbing problems? Did they know about the problems and not disclose them to you?

A $10K repair bill is nothing to sneeze at. Talk to your agent about the specifics of your contract and what your rights and obligations might be. Most importantly, talk to an attorney - I bet you have more footing than you think you might and the small amount you'll pay for a lawyer will be well worth your piece of mind.

Good luck!
Meredith Laws
Web Reference: http://www.lawscraig.com
0 votes Thank Flag Link Tue Aug 19, 2008
if you had a contingincy for a home inspection and gave not signed off on it yet, you can ask the seller to fix the problems or escrow the money so you can fix them after you close. You will need to do this in writing and include teh report and teh estimates. Good luck
Web Reference: http://www.ScottSellsNH.com
0 votes Thank Flag Link Tue Aug 19, 2008
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