“Should We Sue the Seller and Our Agent?”
We should have listened to your advice. It has been 4 months since we closed on the home we purchased. Even though you advised us not to purchase the home without doing a home inspection, we went ahead anyway. It turns out that the home has extensive termite damage and we have gotten an estimate of nearly $30,000 to do the repairs. What a mess as we were seeing issues right away.
I want your advice. Our attorney has recommended that we sue the seller and real estate agent that represented us, as she advised us, that if we didn’t have a home inspection contingency, we would have a better shot at winning the bid. The seller’s disclosures indicated they were not aware of any termite issues, but hard to believe.
What would you do?
This is the second time in a month that I am seeing this kind of issue. $30,000 is a lot of money, especially when it costs about $500 for a home inspection.
I will let the client and their attorney if a lawsuit is appropriate, but will always recommend that a home inspection is done, not matter what!