Selling a home that flooded- proper & legal disclosure to Buyers
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6 years ago
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6 years agoLaurie Schrader
6 years agoRelated Discussions
Can a buyer keep how much they paid for a house confidential?
Comments (9)Every single state has different laws regarding the privacy, or lack of, and sales prices. 15 years ago, in my state, many disclosures said $1. That is because people wanted to keep it private so they put in that amount. In the years since, state laws have changed and tightened up on this. The title/closing agent MUST fill this out now with the true and accurate price. This information is used for market value property assessments in my state thus the need for accurate information. Is this about your privacy (the person) or privacy related to a sales price? If it's about personal privacy buy/sell/transfer property in the name of a trust or LLC. The owners of trusts and LLCs are harder to find in many places....See MoreQuestion About Disclosure
Comments (47)I took the seller of our house to small claims court over the broken dishwasher that she said she'd filed a claim with the manufacturer to get a replacement - and court costs, of course. I prevailed in court, but it really irked me because all she had to do was be honest and simply take the deduction for the cost of a new dishwasher from the price agreed on for the house! She and her agent knew that the thing was broken, and perhaps her agent wasn't aware that she wasn't being forthright about the claim with the manufacturer thing, but she certainly knew she was lying and ultimately had to pay for a replacement AND court costs! It would have been cheaper for her to take the price discount in the amount of a replacement dishwasher! I don't blame the OP for deciding to report her to the state licensing body, it's just unfortunate that the neighbor didn't get the inspection despite the advice they got from the realtor that ultimately led to them deciding not to get one. At this point in my life, I'm not sure that even a squad of legit holy angels descending from heaven to tell me I don't need to get an inspection and that I can take a person's statements about the condition of a property being 'perfect' and 'without any problems whatsoever' is enough to convince me it's absolutely 100% true fact. :P I've had to deal with the consequences and endure being truly irked, I'm just lucky that the stakes weren't say...whether or not the house would collapse on me in the middle of the night (without an earthquake or random sinkhole, those are the kinds of natural disasters you can't expect to know when/where/how bad it will be until it actually happens)...In the previous house there were things that I just had to put up with once they turned up post-moving in and weren't all that big of a deal once I came up with a work-around or means of covering it up to the extent that it wasn't glaringly obvious any time I looked over at the general area...and our current house had the "she lied!" dishwasher, but the fridge she left when she moved was not the one that was there the last walk through but because she was mostly but still in the process of loading up the truck with her stuff, I take responsibility for the fridge-switch-a-roo and for buying the replacement (the one she left was too big for the place in the kitchen that was intended for placing the fridge in and had a broken ice maker). Legally though, you have a limited window in which you will be able to recover any damages that you may be entitled to - otherwise people would be filing lawsuits against the person who built the house 50 years ago, sold it 20 years ago, and now needs a new roof. It might sound silly, but the US is a very litigious country, if someone can think of something to sue over then someone probably has tried to - with and without successfully recovering any losses. The courts have tried to reduce frivolous lawsuits and vexatious litigants are typically barred from continuing to be vexatious after a certain point - the court doesn't like to have its time wasted and it's not long before judges become well aware of those in their jurisdictions that are considered 'frequent fliers' so they can take action....See MoreEtiquette for house buyers during showings
Comments (67)mrykbee - The background is that 3 builder grade toilets in the place were cheapos and of very poor quality, probably so when new. 20 years of life in a hard water area didn't improve anything. All in-tank parts can be replaced of course and they had been at least once but the basic design and flush power were inferior. We did a major remodel of our main home not quite 20 years ago and put in 5 Totos . They've been great. I spoke to two plumbers - one in my home area and one in the second home area we'd used. I went into Ferguson and spoke to a person in the toilet department. Their recommendations were all the same - Toto and American Standard were the best choices. I bought two of one and one of the other, all one piece models with an elogated bowl. Two were high seat models (but not necessarily ADA) at the suggestion of the person in Ferguson. We like those more than we thought we would. We were indifferent to style. We like all three very well. California has a lower water use standard than other places - 1.28 gpf, even less than the old Totos we have. The new ones flush very well. There's nothing more annoying than the experience we had a few times, returning to a second home after a month's absence to find that the toilet we thought we'd stopped running before we left had been running while we were gone. And the valve was frozen and couldn't be turned off. Problems are now fixed, new toilets and new supply/shutoff valves....See MoreSelling house, old R22-type AC unit solution?
Comments (33)Do You Have R-22 in Your Old AC System? Here’s What to Do: https://www.minisplitwarehouse.com/ Faced with the rising costs of R22 air conditioner repairs, the decline of available refrigerant supply, and the increase in price of refrigerant, deciding what to do with your system can be a complicated choice. We’re here to help you make the best, most educated choice for your home. You have choices: Recharge Retrofit Replace 1. RECHARGE WITH R-22 OUT WITH R-22, IN WITH R-410A The Environmental Protection Agency (EPA) is responsible for implementing the R-22 refrigerant phase out for the United States. By January 1, 2010, there was a ban on the production and import of R-22. As a result, manufacturers of heat pump and air conditioning equipment redesigned their systems to accommodate R-41 0A, a chlorine-free refrigerant compared to R-22. The refrigerant would soon replace R-22 in the new HVAC equipment. EPA regulations require a ban on the production and import of R-22 refrigerant by January 1, 2020. After 2020, any air conditioning or heat pump system using R-22 that requires servicing will have to depend on potentially expensive R-22 stockpiles or reclaimed refrigerant. The new ban on R-22 won’t affect homeowners that want to continue to utilize their functioning R-22 air conditioning systems. However, in the event that that equipment needs to be charged with refrigerant, there will be difficulties. 2. RETROFIT R-421A – REFRIGERANT FOR TOMORROW • Unique non-ozone depleting, long-term replacement for R22 refrigerant • Environmentally GREEN refrigerant • Replace R22 without unit modification • Does not contain hydrocarbons, such as Butane, lsopentane or lsobutane • Replaces R22 with no change of oil • Usable in compressors designed for R22 • Usable with Mineral, AB or POE oils Only 2-component blend to replace R22 • Non-flammable; Rated A 1 by ASH RAE • Comparable to R22 performance temperature range • Usable in a wide variety of applications 3. REPLACE So, how do you go about making that decision to repair or replace your older R22 air conditioner? How can you tell when a piece of equipment has outlived its useful life? Can you get your older unit to last another couple of years by fixing it? Or will you have to keep throwing money into it, especially as the price of R22 continues to skyrocket? Newer units are more energy efficient and can lower your electric bill, but can you manage the upfront cost? The unfortunate truth is, there is no cut and dried answer. But you can make the best decision to repair, retrofit or replace your R22 air conditioner when you know what factors to consider about your equipment and its history, and whom to trust for advice. THE RISK FACTOR Hanging on to an R22 air conditioner until the bitter end January 1, 2020 is when R22 will no longer be available at any price) does pose some risks, especially for a business that relies on air conditioning. When you finally need to replace, how long will you have to wait for a new system because you’re in line with everyone else who is force to replace their R22 air conditioner?...See MoreX Y
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