Am buyer, purchasing home and am under contract. Sellers disclosure did not disclose foundation issues. Inspection uncovered foundation issues and signs of cover up on exterior brick and filled cracks in the walls. They are the original owners.
I waved my earnest in the bid under the assumption any inspection repairs were to be on things other than major repairs like foundation issues that were supposed to be disclosed.
When I get a quote for the fix, I think even as a buyer I have pretty strong leverage. I'm hoping to get them to fix and go back down to ask on the house since I now have to disclose repairs in the future. Plus they HAVE to disclose it now that I funded their structural inspection. My current house is under contract and I may end up in an apartment if this falls through. I am extremely sad to see my house go and this one fall through and also lose a significant amount of money out of what I think was a false contract. Intent to deceive is hard to prove, not looking to litigate.
Thoughts?
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source https://www.reddit.com/r/RealEstate/comments/no066u/what_should_i_do/
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