2006-11-16 15:51:41 · 6 answers · asked by cubbypeterson 1 in Home & Garden ➔ Decorating & Remodeling
Contact your realtor immediately. Don't close the deal!! If you have closed the deal the previous owners should've signed a disclosure form. If the previous owner didn't mention the leaky basement you can take them to court for not disclosing this and have them pay for repairs.
If you haven't signed the final papers get an estimate of repairs and get them to agree to take off this amount on the sale price.
2006-11-16 17:20:14 · answer #1 · answered by Brin 4 · 0⤊ 0⤋
That is what the final walk through is for. The house should look the same on that day as the day you made your offer. Would you buy the house if you started to the basement and found the stairs missing?, Same principal! Just say no! Unless, of course, the real estate person is your mother.
2006-11-16 15:59:46 · answer #2 · answered by T C 6 · 0⤊ 0⤋
You really should furnish more info. Maybe a water heater gave out? Where is the water coming from, you didn't just walk away when you saw it, did you? Did you have it inspected, is it new construction? We're not psychic here. The bottom line, in most of the US you have what is called your "right of rescission", which gives you 72 business hours to back out, or your lender to back out. If it applies in your location, you've heard of this. It may cost you some money, but it could save you in the long run. If the previous owners failed to disclose something, they are liable. Talk to your Realtor, even if the deal has closed, he still works for you. If it's not closed, then your contract probably had an out at the inspection, for whatever reason. You need to contact your agent asap.
2006-11-16 17:54:42 · answer #3 · answered by theminnguy 2 · 0⤊ 0⤋
If you got disclosures from the seller (and you should have) and they say the basement does not leak then you do not have to close the transaction. If the disclosures say the basement does leak, then you don't have much recourse. If you didn't get disclosures and bought it "as is" you should have had an inspection otherwise it's "BUYER BEWARE"
The important point here is did the seller lie to you or withhold a pertinant fact about the condition of the house?
2006-11-16 17:19:56 · answer #4 · answered by Anonymous · 0⤊ 0⤋
Is this a new construction or a previous owner that owns the property? Tell us more.
2006-11-16 15:57:27 · answer #5 · answered by Lake Lover 6 · 1⤊ 0⤋
final walk through is supposed to take place prior to closing. If you closed anyway, it's your problem now
2006-11-16 15:57:48 · answer #6 · answered by 86Mets 4 · 0⤊ 1⤋