Last week, reader TOB talked about a buyer he knew who walked away from a deal over the Rampart fireplace. Here’s a list of other issues that might be deal-killers, but we try to find a way to solve them before giving up!
Thank you for this article Jim. On top of the Rampart fireplace that was cracking completely through to the outside the house had major foundation issues that were going to cost $100,000 to fix. So my buddy pulled out of the deal minus some fees.
My question is the realtor immediately relisted the property and it went pending immediately and now knowing that she knows it has $100,000 in foundation problems and a $50,000 fireplace that needs to be replaced is she obligated to disclose that to the new buyers? Because were so pissed were about to tell the new buyers the issues on the house 🏡 if she doesn’t
This is in Chula Vista by the way
Yes all realtors are absolutely obligated to forward all reports to the next buyers. If there is something obvious that needs to be fixed, then they ought to just fix it, instead of thinking the next buyer won’t mind.
This was a great informational article Jim!
I was twelve years old when I underpinned my first house foundation to prevent further subsidence.
Under my dads (C Mech E, Mi Mech E) supervision of course, the house is still there with no further cracking fifty odd years later.
“There can be nothing wrong with a house that price cannot fix” JTR