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TOTALLY agree, except there is no way they can get any $ for repairs. They refused inspection, and Im sure seller "gave' $500 to buyer at closing for not signing disclosure statement.
It's stupid to give up $500 for that because it doesn't save you if you are hiding something. It's better to fill it out. It allows you to answer that you don't know if you really don't know, so people shouldn't be afraid of the questions in case they don't know.
Even if you do that, if you hide something from the buyers that is wrong with the house and they can prove you HAD to know about it, you still can be sued and the buyer can win. It doesn't mean that you're off the hook if you swap $500 for filling out the form.
I'm curious if the realtor can be sued for misrepresentation. He/she is the one who claimed a thorough inspection was performed.
I will say to all people looking to buy a house; hire your own inspector and do NOT go through the realtor. There were several issues with my house the inspector did not pick up on that ended up costing me around $3000 to fix. 2 of them we had planned to redo regardless, but the others were not expected and should have easily been found by the inspector. The only thing that offset that cost was the $8K homebuyer rebate from 2010.
Old thread but was wondering if anyone had any recent experience with home defects found after closing. I would expect a rapidly moving market like this would result in more problems.
Old thread but was wondering if anyone had any recent experience with home defects found after closing. I would expect a rapidly moving market like this would result in more problems.
Allegedly, people are putting in offers not contingent on inspection, but still doing inspections. I'm sure Elke, or others on here would know more. I'm sure being such a strong sellers market, sellers are unwilling to be nickeled and dimed over minor issues.
Old thread but was wondering if anyone had any recent experience with home defects found after closing. I would expect a rapidly moving market like this would result in more problems.
Once you close it's yours. Period. In this market where an inspection may cost you the deal, find someone who can go with you to look at houses who knows what they are looking for.
I can tell you where I live houses aren't getting inspected - due diligence fees in the 5 and sometimes 6 figures are happening. It's absolute insanity. i wish I was in the market to sell. But then I'd have to buy....
Once you close it's yours. Period. In this market where an inspection may cost you the deal, find someone who can go with you to look at houses who knows what they are looking for.
I can tell you where I live houses aren't getting inspected - due diligence fees in the 5 and sometimes 6 figures are happening. It's absolute insanity. i wish I was in the market to sell. But then I'd have to buy....
That's me, total nightmare. I am dreading both parts immensely. The selling part will go quickly, god only knows on the other end.
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