One day after signing the contract, a discovery that the central heat and air system needs to be completely replaced. About $6000. Is there anything legally binding the seller to fix the problem. They signed a contract. Not sure what it lists. Is there anything they can do and what should they look for in the contract that help, or not.
2007-01-31 08:09:14 · 3 answers · asked by lisa_in_ok 2 in Home & Garden ➔ Maintenance & Repairs
Unless the home was sold with a warranty or the HVAC system is relatively new and has a manufacturer's warranty then your sister will have to fix it on her own.
In some jurisdictions, like Howard County, Maryland near me, you can legally back out of a residential property transaction within 48 hours of signing a contract. If this is the case then she could threaten to back out of the contract.
If she has no other recourse then she may want to try to talk to the seller/owner about it and see if they will do something like rolling the cost to repair into the price or at least help with the payoff or maybe forgive $6000 of the loan amount.
She may want to get a good real estate lawyer very quickly.
2007-01-31 08:19:41 · answer #1 · answered by Matt M 5 · 0⤊ 0⤋
Did you get a homeowners guarantee? That would be your only recourse for having the previous owners fix the problem. But check the contract that was signed, also some state have lemon laws that could pertain to home, just like cars. Get some info from a lawyer and ask if there is any laws that protect homeowner with this issue. Good Luck.
2007-01-31 08:22:55 · answer #2 · answered by 1TON 3 · 0⤊ 0⤋
it is hard to believe that the seller didn't now that the heating system was shot. she should check with a lawyer, some states have laws regarding disclosure of know defects.
2007-01-31 08:45:55 · answer #3 · answered by car dude 5 · 1⤊ 0⤋