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Need to disclose issues with the home from 15 years ago?

We had an issue with our basement flooding 15 years ago. We've fixed the issues and also installed a second sump pump. Haven't had a problem since then. Since the issue is fixed and it's been 15 years of a dry basement, do we need to disclose this? And in general, is there a timeframe for the seller disclosure? For example, does the seller only disclosure issues that have occurred within the past 10 years?

12 Answers

Does the home seller need to disclose water issues?

Hi, Does the home seller need to disclose water issues, flooding, or leaking? Our first home had water issues, and we don't want to ever deal with that again. What can we do to ensure that we buy a dry house?

18 Answers

how do i return a key and sign for an expired contract?

My contract expires thursday .i would like to return keys sign ,I am being referred to another realtor who is a family friend and just passed realty test.

12 Answers

I am retiring in two years. Should I buy now?

I will retire in two years and want to buy a home in Texas to be closer to family; currently in Pennsylvania. My thought process - I still would have a job (credit score is in the exceptional range) and I would have a couple to years to make any improvements to the home while still employed. Inventory is high right now and I may be able to get a good deal. Is this a wise idea? (note - Cedar Hill or Duncanville TX is where I am currently looking)

12 Answers

Is it my realtor's job to actively find me a home?

To add clarity: Any house I get is contingent on sale of home I am now in. I don't have money in bank and wouldn't qualify for loan. Daughter's name is on this house also. She lives with me and turns 22 next month. Realtor found one home. She pulled me aside beforehand saying my daughter shouldn't participate in finding the home as she will probably be leaving me soon anyway, And daughter should definitely have no say so. I explained I needed a place that would work whether my daughter stayed with me, or whether I was by myself. She took great effort to exclude my daughter from seeing the home. My daughter came along anyway, and the home was too far from my daughter's work so we had no interest in it. Since then have no contact with realtor, unless I contact about seeing a particular home I see online. Even then, she tells me she has an open house, or she has other clients that day, so I feel rushed and like I'm imposing. Am I out of line for thinking realtor should be finding a home for us? I've bought two other homes and agent always located the home. At realtor's suggestion I've driven to different cities to see if I like them since I've never been there before. Also at realtor suggestion, I searched through the listings on Zillow realtor.com homes.com and everywhere trying to find a place. And then I drive by to see if it would even work, and I'm just really tired. Is there an easier way? Is there somebody that sells you a home and finds a home for you? She's also asking me to pinpoint specific subdivisions that she can put on her radar, but subdivisions change every few streets. When I have found houses in nearby subdivisions I am interested in, I've been surprised realtor hasn't contacted to let me know they were for sale... often they're closing before I see them.

11 Answers

How to renovate a house with bad credit?

I got my mother's estate,needs renovations, owe 10,000 and I have bad credit. What can I do to fix it?

15 Answers

Is Emberhome a legit homebuying company?

I would like to sell my home three bedroom two bath manufactured home. The bathroom has been upgraded. It has tile floors, up-to-date vanity.

5 Answers

How do I cancel a list in agreement correctly?

I'd like to cancel my listing agreement with my agent. I want to make sure that it's done correctly. How do I cancel a listing agreement?

15 Answers

agent didn’t have me sign an agreement prior to showing ?

My agent did not have us sign an agreement prior to showing us houses. We found a house and verbally made an offer. When he wrote up the offer he didn’t tell us that the selling agent had agreed to a 4% commission. He sent us the contract electronically with 1% of closing over the price we verbally agreed on and told us we would get the money back at closing. Not true. Are we stuck paying his fee now ?

9 Answers