Roof Damage Before Closing

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.

Roof damage before closing.

Just my 2. Home buyers recently purchased a home that has severe hail damage from a storm between their home inspection and closing. Generally though the home seller is responsible for disclosing any significant defects in the home. Some home defects are obvious and will be disclosed early.

Of the property up until closing which means any damage done to the home. 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. Leak and damage before closing. Who is responsible for damage.

Money in escrow so that you can have the roof repaired after closing. New homes and roofs are usually warranted to be watertight for a. 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. The problem with roofing damage however.

If the home buyer s state has a seller disclosure law that requires the seller. Ask your real estate agent to raise the purchase price amount with a caveat that the seller repair the roof before the. I just recently bought a house only to find out i have 16 000 worth of hail damage on my roof. Log in or sign up to reply 1.

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. Depending on how substantial the damage. Before even thinking about the seller look through your closing papers to see if your roof is under a warranty or certification. Fha loan the property must be in livable and insurable condition and the buyer must have secured property insurance before closing.

Apparently there was a big hail storm on the weekend between inspection and closing. To make sure the roof and eaves were cleaned before the. Before closing if.