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Better to disclose damages that occur before closing

By Robert Hof

A warning from Mark Weisleder. Robert.

I am often asked whether a seller is required to disclose damages to a home that occur just before closing, or can they just repair the problem and say nothing. Please see the attached decision about what happened when a basement flooded before closing and the seller chose to fix it without saying anything to the buyer. The basement flooded again after closing and the buyer was able to recover their repair costs. In my opinion, it is best to disclose damages that occur prior to closing, make sure that they are properly repaired and provide the buyer with the opportunity to conduct their own inspection.

Click here to read the article:

http://www.thestar.com/business/personal_finance/2013/06/28/couple_selling_home_should_have_disclosed_flooding.html

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