I was concerned because a friend of mine bought a house I didn't feel right about it. I knew there was a problem. Everything was supposedly resolved and today her neighbor said the townhouse was previously flooded.
I'm totally blown away. After having a comment and recommendation about everything, when I was not asked NOW when I am directly asked for input, I'm not sure.
Aside from unethical, I am not sure. What kind of problems does this sort of thing present in the future. Personally, I think at our age we shouldn't be worried about these sort of things.
2007-03-16 07:13:08 · 3 answers · asked by Sweetgirl 3 in Business & Finance ➔ Renting & Real Estate
The Realtor doesn't have to disclose anything in regards to the property. The seller does. However, the seller doesn't have to disclose that the house was flooded, if they repaired the damage. The rub to this is that the seller can claim that there was no damage they were aware of.
Did your friend get an inspection done on the property? If so, did the inspector note water damage?
2007-03-16 09:01:59 · answer #1 · answered by Wango138 3 · 0⤊ 1⤋
The previous flooding was supposed to be in the disclosure statement, by law....even if the damage was repaired adequately. If it wasn't, your friend has a good legal foothold for the future. Have her talk to he realtor...immedidately.
2007-03-16 14:21:39 · answer #2 · answered by LolaCorolla 7 · 0⤊ 0⤋
A Realtor can only disclose what the seller discloses to him. Maybe the seller "forgot" to tell him about the flood. If the Realtor did know he would have to disclose that info.
RE Agent,
Remax
2007-03-16 15:21:17 · answer #3 · answered by frankie b 5 · 0⤊ 1⤋