The sum pump had went out and this was the cause of the flood in the basement. The seller (bank owned) had the basement clean and replaced the sum pump they also had the drains in the floor cleared. The problem is where a week from closing...the house is great for it to be sold "as is" got a great deal, however the seller turn off the electric and the basement flooded again. We are worry about mold and if this going to be a problem with the house. Also should the sum pump be replaced again or is this going to be a lemon house. Should we continue to buy this house or runnnnnnnnn!
2006-12-12 12:49:18 · 11 answers · asked by Anonymous in Home & Garden ➔ Maintenance & Repairs
Is there a home warranty? Did you do a home inspection? The "as is" thing is scary, but that's what you get with a bank owned house. If you had no contingencies or have removed them already, then (in the state of California anyway) you will probably lose your good faith deposit if you decide to back out. I don't know what your circumstances are, and I don't know anything about the house or whether it's a good investment. (Real estate is an investment after all.) Ask your realtor about the possibility of getting a home warranty or proper insurance to cover yourself. If you haven't had a home inspection, then I would suggest that having one right away would be a terrific idea. You should have the right to have the house inspected, at least we do here.
I would have a contractor or two come in and take a look at the problem, they will let you what it will take to fix the problem.
2006-12-12 12:58:42 · answer #1 · answered by Chellebelle78 4 · 0⤊ 0⤋
If the basement was clean and has only flooded once since then, there is no real worry for mold. Sump pumps are an easy fix(about $300 installed). More than likely, the only reason the sump pump didn't work was because the power was off. As long as you have a sump pump, there should be no problem with flooding or mold. If it is bank owned, you probably are getting a pretty good deal. You should go for it.
2006-12-12 13:03:22 · answer #2 · answered by discokevin2001 2 · 0⤊ 0⤋
As is means what you see is what you bought. If you back out kiss your deposit goodbye plus you could be sued for the balance. If the flooding occurred only because the electric was off and it rained - that should not be much of a problem. If there was no rain and it flooded anyway then you have a major problem with a very high water table. Without knowing the area, the slope of the land, the construction, etc it is next to impossible to give you good advice. Take a good look at the house. If there is negative pitch - the ground slopes towards the house - then you will have water problems when it rains. If you build up the ground so that it slopes away from the house - most of your problem will be gone.
2006-12-12 13:11:34 · answer #3 · answered by smgray99 7 · 1⤊ 0⤋
In most states you have few legal remedies available to you. In real estate, it's buyer beware - as soon as the title passes to you, most terms of the real estate contract legally dissolve - as if there were never a contract at all. Except that you are now the owner, and you're now responsible for everything about the property - tax liens against it, repairs, etc... If you had a bad lawyer represent your purchase, you could end up paying off the previous owner's dishwasher. You may disagree with this, but the law is clear and established - and since it's the law, it is right. You own the house. The law says that the flooding is your responsibility. In theory, you could have had an inspector look for old flood damage, etc before you completed the purchase. If you live in a state that has seller disclosures, you'd have to prove that the previous seller knew about the problem - and that is a very tough nut to crack.
2016-05-23 16:25:10 · answer #4 · answered by Lori 4 · 0⤊ 0⤋
The sump pump should be fine , because it it was the power turned off that caused the problem. Sometimes there are houses built where there are water problems and thats why you have a sump pump, I would suggest getting a backup sump pump just in case that one would fail, the other would work while you get the original replaced.
2006-12-12 13:26:57 · answer #5 · answered by pipemaster 2 · 0⤊ 0⤋
Wet bsmts are useless and drag down the value of a home. They definitly grow mold & fungi. Call your attorney and get All your earnest money back. Alternative is to postpone the closing and have a engineer look at the property (on your nickel, probably $1000) and how to & cost to fix the ground water problem.
2006-12-12 13:48:07 · answer #6 · answered by Anonymous · 1⤊ 0⤋
U KNOW I AM NOT THAT FIMILIAR WITH BASEMENT, BUT WHY WOULD U WANT TO BUY A HOUSE THAT HAS A SUMP PUMP? WOULDNT U WANT A HOUSE THAT DOES NOT FILL WITH WATER. FIND A HOME THAT IS SEALED/WATERPROOFED OR IS ABOVE THE FLOOD STAGE. SORRY
2006-12-12 13:29:37 · answer #7 · answered by john t 4 · 0⤊ 0⤋
I personally would back out. a leaking basement could be quite a problem. Even if you spend the money to TRY to fix it it might only be temporary. Depending on how much you are willing to spend on a fix too.
Best of luck.
2006-12-12 13:03:08 · answer #8 · answered by Anonymous · 0⤊ 0⤋
talk to the neighbours & get more info from selling agent on what is going on in the neighbourhood with the water situation. This happned to my mom- in- law last week , never happened before she had cleaning company come in and dry it up and check with a meter for mold and moisture all is fine.
2006-12-12 13:02:04 · answer #9 · answered by Summo 4 · 0⤊ 0⤋
I hate to say this, But go See your local building inspector and let him make decision
2006-12-12 14:37:52 · answer #10 · answered by Anonymous · 0⤊ 0⤋