“Should We Sue the Seller and Our Agent?”

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Mortgage and Lending with Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 NMLS # 6869

“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!

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Joe Petrowsky, NMLS #6869

Right Trac Financial Group, Inc. NMLS #2709

110 Main St.

Manchester, Ct. 06042

Office: 860 647-7701 x116

Fax: 860 647-8940

Cell: 860 836-9294

Email: joe@righttracfg.com

www.righttracfg.com

www.joepetrowsky.com

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Joe Petrowsky does not guarantee nor is in any way responsible for the accuracy of the information provided herein, and provides said information without warranties of any kind, either expressed or implied.

Equal Housing Statement: We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. We encourage and support an affirmative advertising and marketing program in which there are no barriers to obtaining housing becuase of race, color, religion, sex, handicap, familial status, or national origin.

Comments (4)

Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Good morning Joe. "For your protection get a home inspection" was always conveyed to my customers. Waiving that right my waive your right to recourse. Enjoy your day.

Jul 30, 2021 05:04 AM
Sham Reddy CRS
H E R Realty, Dayton, OH - Dayton, OH
CRS

How unfortunate. Its about time people take responsibility for their own actions and consequences instead of looking to point fingers at others or try to get into someone else's pockets!

Jul 30, 2021 05:40 AM
Mark Don McInnes, Sandpoint
Sandpoint Realty LLC - Sandpoint, ID
North Idaho Real Estate - 208-255.6227

Shaking my head again.  You can not purchase cheaper insurance than a home inspection.  This is so sad to see happen.  Mark

Jul 30, 2021 12:15 PM
Mimi Foster
Falcon Property Solutions - Colorado Springs, CO
Voted Colorado Springs Best Realtor

I understand waiving the right to asking the Sellers to fix things, but I cannot imagine letting my Buyers waive their right to an inspection. I don't care how hot the market it.

Jul 30, 2021 07:55 PM