Our cellar has always been full of water. We are retiring to the seaside now. I'm thinking of calling the cellar a drought-proof water storage facility or should I install a diving board and describe it as an indoor swimming pool?
2006-11-07 00:35:24 · 11 answers · asked by Anonymous in Business & Finance ➔ Renting & Real Estate
Can i buy your house ?
We're looking for indoor secure boat storage
2006-11-07 00:44:50 · answer #1 · answered by Michael H 7 · 0⤊ 1⤋
When someone has a serious interest in your house and want to buy it, they'll get a survey done. I would imagine that even the most basic survey which most people have would reveal the water problems in the cellar.
So, you'll be "found out" eventually anyway. I always believe the best policy is to be honest.
If you wait for the survey to reveal the problems you may well end up losing the house you have set your heart on because your buyers pull out.
2006-11-07 00:42:31 · answer #2 · answered by Anonymous · 3⤊ 0⤋
You should have to disclose any information regarding your basement problems in a property disclosure statement at the time you list your home. Most buyers are going to ask for a home inspection to detect problems and your dishonesty will soon be uncovered. It simply isn't worth the risk of losing the sale of your home to lie about such an important matter. Your Real Estate agent needs to take a class on Ethics - a requirement in my state. i am a real estate agent and would never advise you in such a manner.
2006-11-07 02:47:36 · answer #3 · answered by Katie Rose 2 · 1⤊ 0⤋
When you sell you will be obliged to fill in a form called Seller's Information form. On this form you will be asked various questions including flooding, if you withhold information you could end up in very serious trouble. There was a case a short while ago where a seller lied on the form and was sued for tens of thousands of pounds, she was ruined. This is assuming it passes any survey in the first place. Tell the truth, its worth it in the long run - AND CHANGE YOUR AGENT... if he's tellng you to keep quiet to prospective purchasers, whats he keeping from you.
2006-11-07 01:22:06 · answer #4 · answered by Helen C 4 · 2⤊ 0⤋
Any sensible house buyer should get a surveyor to check the property. Any half decent surveyor should pick up on thew fact the basement is flooded.
2006-11-07 00:46:50 · answer #5 · answered by Sean R 3 · 0⤊ 0⤋
Buyer beware is the old motto. I would only worry about it if potential buyers bring in a home inspector. You may then have to do some repairs to make the sale.
2006-11-07 00:43:40 · answer #6 · answered by Cherry_Blossom 5 · 0⤊ 2⤋
No he is not right. You have to be honest, it will be found when they do inspections anyway. Why would youwant to work with an agent who is telling you to lie? Do you wonder what lies he is telling you. He is unethical.
2006-11-07 01:43:16 · answer #7 · answered by strtat2 5 · 0⤊ 0⤋
if your potential buyers don't look in the cellar and see your indoor pool for themselves they are morons!
2006-11-07 00:39:12 · answer #8 · answered by Anonymous · 0⤊ 2⤋
Call it a water feature. Everyone seems to want one !
2006-11-07 00:39:34 · answer #9 · answered by Scotty 7 · 0⤊ 2⤋
http://www.health.state.mn.us/divs/eh/indoorair/mold/
Check that one out--it's just one that I found quickly.
Do you want to get sued for making someone ill, or worse--dead?
Be careful.
Oh, and by the way---FIRE YOUR AGENT. He/She has no ethics!!!
2006-11-07 07:17:07 · answer #10 · answered by longhornhomes 2 · 0⤊ 0⤋