Skip to main content

Buying a home but the septic inspection failed in New Hampshire. Now seller wants to fix but increase price by 60k

Long story short, the seller sold his other property so he has a down payment for his new home. It means he does not need to sell this one - he can be patient and put it back on the market.

After we paid for the septic inspection, the septic failed. We requested the seller fix the issue, but he came back and said he'd fix the issue but add 60k onto the sale price. The septic cost is only 20-30k.

Looking back at the disclosures, the septic area is blank. He only mentioned there is a leach field, but left blank items such as "date of installation of leach field". The leach field was flooding and the septic inspector told us it was the worst septic failure he's ever seen.

Should the seller have disclosed more information? For example the septic is overflowing and there are 12 people living in the house (him, his wife and 10 children).

Apologies for my ignorance but we are so lost at what to do and we have 5 days to respond to his 60k price increase.

Thank you in advance!

submitted by /u/Unfiltered_ID
[link] [comments]

source https://www.reddit.com/r/RealEstate/comments/1isbol4/buying_a_home_but_the_septic_inspection_failed_in/
Labels:

Comments

Post a Comment

Popular posts from this blog

North Carolina – “One to Buy; Two to Sell”

I realize I will likely have to contact a real estate attorney but also hoping to hear insights and experiences from others! I have a house in NC that I bought by myself in 2009, and paid off, in full, in 2022. I got married in 2023. My spouse and I have not lived in the house as our "marital residence". We have maintained separate residences even after we got married. (That a separate topic!). I am now selling this house. Realtors have told us that my husband has to sign the deed at time of transfer but I am not convinced since the house has not been our marital residence. The realtors like to use the phrase "one to buy; two to sell", which seems like a broad-stroke statement which is not applicable under all circumstances. And of course, the realtors don’t realize the details of my specific circumstances: I purchased and paid for the house in full prior to marriage Only my name is on the deed And most importantly, we have never lived in the house as a marit...
Post a Comment
Read more

Question With Tricon "Pending ID".....

My wife and i, along with 2 other peopl applied to rent a house, and our application says "Approved, Pending ID". Anyone else know what that means? Do we pretty much have the place or are we missing something? submitted by /u/Itskrueger [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1orixqj/question_with_tricon_pending_id/
Post a Comment
Read more

Aren't comps/CMAs useless with buyer credits at close happening now?

I'm looking into buying a new construction townhouse in my HCOL US city. I'm seeing builders offering interest rate buydowns worth $20k-$60k on $800k homes (rather than just lowering prices) in order to keep their comps high for their other units, now that buyer demand has been declining. I asked my agent about these, and he said these buydowns aren't even the full story: buyers can write all kinds of other credits into an offer, like their closing costs, prepaid sewer fees, etc. Apparently cash buyers can just write in a "buyer credit at close" for any amount in their offer. So a new townhouse that appeared to sell for $800k in the MLS might have actually been a cash offer with a $100k+ buyer credit at close, meaning the buyer only spent $700k or less in total, but to the rest of the world they can only see the $800k! So that made me realize I can't trust comps/CMAs for other new construction townhouses. The sales prices could be way lower than they appear...
1 comment
Read more