Roof Damage Before Closing

Depending on how substantial the damage.

Roof damage before closing.

If the home buyer s state has a seller disclosure law that requires the seller. Generally though the home seller is responsible for disclosing any significant defects in the home. Log in or sign up to reply 1. Home buyers recently purchased a home that has severe hail damage from a storm between their home inspection and closing.

Leak and damage before closing. Just my 2. I just recently bought a house only to find out i have 16 000 worth of hail damage on my roof. 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.

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. But if the deductible is low enough and the damage high enough i would think you would make up for it. Ask your real estate agent to raise the purchase price amount with a caveat that the seller repair the roof before the. Seller s roof damaged before closing.

Fha loan the property must be in livable and insurable condition and the buyer must have secured property insurance before closing. But don t wait until you own it because then it is damage before the policy is in place. Who is responsible for damage. 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.

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

Some home defects are obvious and will be disclosed early. 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.