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When in doubt, disclose, disclose, disclose
A couple of years ago I worked both sides of a transaction for a real nice condominium. The Seller, who was 67, had lived there for over thirty years. Not only had he lived there for over thirty years, but he was an original owner, as well. If you do the math, you'll realize that the condominium complex was built in the 1970s, and if you think real hard, you'll probably come to the conclusion that it had popcorn ceilings. Your conclusion would be correct.
Fast forward to the sale, which closed escrow with no problems, and remember that I represented both the Buyer and the Seller. The Buyer went to remove the popcorn ceilings and found water stains, stains which her renovator said would cost about $5,000 to repair. Now to me there's a difference between stains and damage, although stains can indicate underlying damage.
Seventeen years ago the condominium above his had a plumbing leak which left some stains on the Seller's ceiling. Everything was repaired and the ceiling repainted. Unfortunately, I didn't find out about this until the Buyer was in the midst of renovation, and even then it took a lot of work to drag out of the ... more

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