Twas the week after closing and all through the house not a creature was.....wait... it is not a mouse... OMG its water in the basement! This is usually follow by a loud shriek coming from the new owner's mouth... yelling "Holy s#X%, call the Realtor!"
Occasionally things, just seem like they go kaput right after a closing? If you have just recently closed on a home this is certainly the worst possible thing to imagine. At this stage nothing is suppose to be wrong. The Buyer feels self-assured with their purchase by having paid for a professional home inspector's advise. The Buyers most likely are still in the midst of settling-in and reorganizing life from the chaos of unpacking. While the Sellers, on the other hand, are relieved to have the selling process over and behind them. They have moved on to another place and may even feel the Buyer got a bargain of a price on their former home. Some Sellers probably still think they should have held out for a higher price!
Today it is commonplace to have the entire house inspected, the well tested, and the septic system thoroughly checked out by licensed contractors. When something breaks down immediately after the Buyers moving in, it's amazing to find out what some might believe. Sometime they think that someone definitely lied, have hid information and/or did know about the problem. From time to time, when this happens, we have seen Buyers reactions range from polite normal questioning to the wild side of high drama and threats of lawsuits. Of course, there will be questions and demands for answers, that is expected. It's not a pleasant moment for anyone when something like this happens. However, there seems to have been a vast shift in attitudes about responsibility ever since independent inspections became commonplace. I think home inspections have caused some unrealistic expectations by the consumers. Just because you had an inspection, does not mean you have a guarantee that things will be absolutely perfect from then on, some stuff might brake down and the when is unknown. Inspection are usually visual not invasive. Therefore there are no guarantees given by the inspector and no home regardless of the price will prove to be flawless. Home inspections are opinions of condition with no guarantees on future conditions. Even newly built homes can have defects like cracks in foundations or poorly sloping grading prior to being landscaped properly that could result in water in the basement. Older resale homes have many more defects, and some go unfortunately undiscovered until later.
So, you ask, "What to do if a home you just purchased has something go immediately wrong?" Calm down, take a deep breath, get the inspector back for another look, diagnose the problem and get bids from at least 2 or 3 contractors to repair the problem. "Who is going to Pay?" Consider buying a home warranty policy prior to closing, or you can negotiate for the seller to provide one as part of your offer. This would be a wise thing to do because this will cover most of things that could possible go wrong. A home owner's warranty covers the furnace, the appliances, and the hot-water heater, and for a small extra premium both the well and septic system could also be insured. At this point, if there is no policy in place, or if the problem is something not covered, you may have to seek legal council to resolve the problem directly with the Seller. Regrettably, it is no longer the Realtors responsibility or job to negotiate these problems after a closing.
Are you searching for homes to buy in Viroqua or Vernon County Wisconsin
call Mary Strang therteam.com RE/MAX Hill Country Realty 608-637-3599