Roof Damage Before Closing

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.

Roof damage before closing. Just my 2. The problem with roofing damage however. 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. Before closing if.

Depending on how substantial the damage. 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. Ask your real estate agent to raise the purchase price amount with a caveat that the seller repair the roof before the. Some home defects are obvious and will be disclosed early.

Apparently there was a big hail storm on the weekend between inspection and closing. New homes and roofs are usually warranted to be watertight for a. Of the property up until closing which means any damage done to the home. Generally though the home seller is responsible for disclosing any significant defects in the home.

But if the deductible is low enough and the damage high enough i would think you would make up for it. But don t wait until you own it because then it is damage before the policy is in place. Money in escrow so that you can have the roof repaired after closing. If the home buyer s state has a seller disclosure law that requires the seller.

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. Fha loan the property must be in livable and insurable condition and the buyer must have secured property insurance 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. To make sure the roof and eaves were cleaned before the. Who is responsible for damage.