My wife and I have been looking to make the move to Montgomery County onto some acreage, in a neighborhood with good schools, planning on staying for a minimum of 10-20 years. We are pretty picky so have been hunting for a long time (3+ years), and have narrowed our search to a couple of neighborhoods.
At the beginning of June, what appeared to be the ideal lot/house in our price range ($1MM) hit the market and we quickly got it under contract. I knew that in addition to the general inspection, I would need stucco, pool and septic inspections. When we got the inspections back, there were ongoing moisture issues with the stucco, requiring an estimated $15k in repair based on the inspection report, total extent of repairs TBD. Every system associated with the house, save for the foundation and new roof, had major concerns (HVAC, pool, septic, electrical, windows failing, ongoing water leak/moisture issues in walls of the garage, none of the appliances functioning, etc.). The inspection report was 100 pages long with the issues.
The sellers got increasingly sketchy. First, their Disclosures claimed no knowledge of any issues with any part of the house. Not a one. They refused our request for a 10 day option period to accommodate the inspections/repair estimates and insisted on 7 days only. They insisted on closing in less than 30 days. When we got the inspection reports back, the seller's agent requested our agent not forward the reports. We requested that the stucco repairs be completed prior to close so that we would know the extent of damages. The sellers refused, offering only $8k in concessions and no repairs before close. They offered no concessions on any other aspect of the home, claiming all of those issues were already built into the list price- all those issues that were not mentioned anywhere in their disclosures. They again instructed our agent not to send the inspection reports, but I insisted we do that any way, so our agent sent it on the last day of the option period. Even with the reports, the sellers refused to make repairs or increase their concessions or extend the option period. We therefore exercised our option to cancel the contract.
Fast forward two weeks, and they relisted the house today through the same agent for $60k more than when we had it under contract. No disclosures are attached to the listing and there's no way they made repairs. What are the chances they don't disclose our inspection reports to the next buyer?
At the beginning of June, what appeared to be the ideal lot/house in our price range ($1MM) hit the market and we quickly got it under contract. I knew that in addition to the general inspection, I would need stucco, pool and septic inspections. When we got the inspections back, there were ongoing moisture issues with the stucco, requiring an estimated $15k in repair based on the inspection report, total extent of repairs TBD. Every system associated with the house, save for the foundation and new roof, had major concerns (HVAC, pool, septic, electrical, windows failing, ongoing water leak/moisture issues in walls of the garage, none of the appliances functioning, etc.). The inspection report was 100 pages long with the issues.
The sellers got increasingly sketchy. First, their Disclosures claimed no knowledge of any issues with any part of the house. Not a one. They refused our request for a 10 day option period to accommodate the inspections/repair estimates and insisted on 7 days only. They insisted on closing in less than 30 days. When we got the inspection reports back, the seller's agent requested our agent not forward the reports. We requested that the stucco repairs be completed prior to close so that we would know the extent of damages. The sellers refused, offering only $8k in concessions and no repairs before close. They offered no concessions on any other aspect of the home, claiming all of those issues were already built into the list price- all those issues that were not mentioned anywhere in their disclosures. They again instructed our agent not to send the inspection reports, but I insisted we do that any way, so our agent sent it on the last day of the option period. Even with the reports, the sellers refused to make repairs or increase their concessions or extend the option period. We therefore exercised our option to cancel the contract.
Fast forward two weeks, and they relisted the house today through the same agent for $60k more than when we had it under contract. No disclosures are attached to the listing and there's no way they made repairs. What are the chances they don't disclose our inspection reports to the next buyer?