04-19-2010 10:17 PM
After our offer was accepted, we learnt that the home has had a water damage claim in the past. ( this did not come up during inspection - we found out later).
The seller has not been forthcoming about this - we are not sure what really happened. What are our options? - If we decide to walk away - do we lose earnest money
04-19-2010 10:47 PM
Flooding and a water damage claim are two very different things. A water damage claim is a "sudden" failure of an internal component (such as a toilet seal, pipe bursting, washing machine hose breaking, etc.). A flood is an external source of water coming into the home.
A water damage claim shouldn't by itself cause you to back out of the purchase unless it points to a workmanship problem with the home or there's a mold issue. But your question would make me wonder if you're looking for a reason to back out. Not the right house?
04-20-2010 01:42 AM - edited 04-20-2010 01:44 AM
How long ago was the claim? Was the seller the owner when the claim was made? For the most part once the problem is fixed its out of mind.
What are you fearful of? The inspector found no evidence of damage. Perhaps you could call the inspector back to re-check and verify the lack of damage.
Things go wrong in a home and things get fixed.