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Agent Didn't Disclose |
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Dear Edith: If the broker involved reads your column, I'm pretty sure he will know it is about him! Please let me know what you think.
We put an offer in on a house back in May, contingent upon a satisfactory engineer's report. The engineer found significant problems upon the inspection, so we decided not to buy the house after all.
Due to the seriousness of the problems, our engineer said the agent would have to disclose the problems to anyone who inquired about the property. Not only is it not safe or healthy to live in that house, the cost to fix it could be $30,000 and take months. He discovered the foundation has severely rotted and there is toxic mold, just to name a couple of problems.
A friend of mine called that same agent to inquire about the house, and he didn't disclose any of that information. When she came right out and asked if there were any known problems with the property, he said "no". I am concerned that someone could get stuck with this house. I know most people hire engineers, but not all. I am so thankful we did. Is there any action I should take in this situation? |
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I’m sorry to hear your story. Not only could that agent end up in trouble, but so could the seller because of his actions. I’m not sure, though, that there’s much you should do. Perhaps a call to the managing broker in that office would be in order, to alert him or her to the situation.
Not all mold is toxic, by the way, and sometimes it takes a different specialist to settle that question
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Edith
Originally published on September 6, 2006 |
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