Roof Damage Before Closing

Leak and damage before closing.

Roof damage before closing. Who is responsible for damage. In many states it is still buyer beware when it comes to buying the home and if the seller did not lie or hide damage to the home the seller may be off the hook for damage caused to the home. Fha loan the property must be in livable and insurable condition and the buyer must have secured property insurance before closing. Depending on how substantial the damage.

But if the deductible is low enough and the damage high enough i would think you would make up for it. Homebuyers who buy during the dry season can be in for an unpleasant surprise when the roof leaks or the basement floods after the first rain. Log in or sign up to reply 1. Usually represents a material change to the condition of the property and is discloseable may not be discloseable if it is a one time event not material and seller thinks it is properly fixed post closing risk passes to buyer.

Apparently there was a big hail storm on the weekend between inspection and closing. Before closing if. If the home buyer s state has a seller disclosure law that requires the seller. Of the property up until closing which means any damage done to the home.

Just my 2. Generally though the home seller is responsible for disclosing any significant defects in the home. New homes and roofs are usually warranted to be watertight for a. Ask your real estate agent to raise the purchase price amount with a caveat that the seller repair the roof before the.

The problem with roofing damage however. Before even thinking about the seller look through your closing papers to see if your roof is under a warranty or certification. It s also helpful to know the age of certain features including the roof and septic tank if applicable since they eventually will need to be replaced. Seller s roof damaged before closing.

Money in escrow so that you can have the roof repaired after closing. Some home defects are obvious and will be disclosed early. To make sure the roof and eaves were cleaned before the.