I hear this statement more often then not from  Realtors when a defect is found in the home.

" Do not worry about it we will get a estimate and then ask the home owner for a credit at closing "

Well I know one Realtor that will never make that statement.

Two months ago I found that a baffle was missing in a septic tank, I also found that the outlet pipe had sediment in it. So I told my client that the system was to functioning properly and need a outlet tee and further evaluation.  

See picture,

 

 The Realtor said she would get estimates on the repairs and would ask for a credit at closing. I then explained to my client that I could not open the inlet side of the inspection port since there is a large tree root over the top. I could not cut the root with out permission from the home owner.

Well with out further evaluation the Realtor got two price quote for replacement of the baffle on the outlet side only. The price was 1800.00. and did get there credit of 1800.00 at closing

Well I got a call from the client stating that they had to have both baffles replaced to the tune of 3600.00.After the baffles where installed and the system was up and running. The client informed me that the septic installer found the the Fields are not working 100% due to all the sediment that had gone thought the system prior to repairs. Now they are looking at 15000.00 for Fields to have repairs.

Guess who is being sued to the sum of 25K not me.

Never ever take a credit always insist on the repair being done before purchase.

 

 www.FairfieldCountyHomeInspection.com

 www.connecticutsepticinspection.com

 

 
Post is included in group: FOR SALE BY OWNER - MARKETING(FSBO)
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6 Comments on Closing credits cost the Realtor 24K for repairs

APR
12
2009
156,166 Points

Obviously good advice!  thanks for your warning.
10:24am • #1
APR
13
2009
273,297 Points 2 Featured Posts Localism Sponsor Outside Blog

OUCH!  Thanks so much for sharing this.  Great advice.  I've always been advised to go the credit to the buyer route.  I'll have to think twice about that one.
8:59am • #2

Great advice. I am eliminating this statement from my vocabulary. I'm so glad we don't have septic systems here in LA where I work.
12:54pm • #3
235,053 Points Outside Blog

I think the credit has its place but in cases where you have to fix something and then have it evaluated again it is not a good thing.
8:32pm • #4
APR
14
2009
1 Featured Post Outside Blog

Oh my gosh! What a horrible story.  And this poor agent got two quotes for added protection.  Even when we try to exercise due diligence..... Yikes.  Thanks for sharing this story.  I learned a lesson from someone else's school of hard knocks.  Diane
8:00am • #5
APR
19
2009
484,841 Points 11 Featured Posts Outside Blog

Big Pete, how are you?  Call me.
1:34am • #6

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Peter M Christopher Residential & Commercial Inspections in

Fairfield, CT

More about me…

Fairfield County Home Inspection LLC

Address: Fairfield Connecticut , Darien Connecticut , Westport, ct, 06880

Office Phone: (203) 254-6463

Cell Phone: (203) 520-8282

Email Me

www.FairfieldCountyHomeInspection.com


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