That the problems found in the inspection were not structural. I have since found out I could have backed out and the problems were structural and and was lied to by my agent. What can I do?
2007-01-19 10:05:52 · 5 answers · asked by david g 2 in Business & Finance ➔ Renting & Real Estate
This is exactly why I attend all inspections regardless of who's agent I am. If I was the listing agent in your deal the seller would have been ready for a refusal of inspection condition due to the defect found. If I had been your agent you would not have had to ask here. Things found during an inspection can often kill a deal and the real issue is, are they deferred maintenance, cosmetic, or code compliance issues. In your case they are code compliance issues as structural defects can make a house unsafe for occupancy. Your agent should have recommended that you escape this deal and start over elsewhere. I would have had you out of the deal and your deposit back within a day. You had every right to walk but that opportunity was stolen. There is never any reason for an agent to lie, deceive, or hide information from their client. Those that do ( many of them ) should be banned permanently and made to pay restitution for sums lost. When your agent had you sign off on the inspection and waive that contingency knowing there was a latent defect the agent just committed fraud. Agents like this one need to have charges filed against them immediately.
2007-01-19 14:55:32 · answer #1 · answered by Kevin H 4 · 0⤊ 0⤋
You can usually back out of a sales contract. This might mean them keeping any sort of deposit or application (lock-in) fee that you have paid towards the property. If the agent is a known liar, be sure to document everything. Start keeping a log. You will be fine. I cannot guarantee anything because I am not sure where you are at in the procedure.
2007-01-19 14:59:51 · answer #2 · answered by Anonymous · 0⤊ 0⤋
all states have a relators board of ethics, get an atty. and inform the relator that they are going to be reported for ethics violations.If you don't want to get an atty. call your stat atty.generals office and they can guide you through the process,but your own atty. would be better.
2007-01-19 10:17:12 · answer #3 · answered by Anonymous · 1⤊ 0⤋
Advise the Realtor that you intend to get a lawyer. They might have second thoughts.
2007-01-19 10:10:58 · answer #4 · answered by Anonymous · 1⤊ 0⤋
hire an eggplant (attorney). and get another realtor.
2007-01-19 10:09:19 · answer #5 · answered by Anonymous · 0⤊ 0⤋