I have an accepted offer on house being sold by an estate “as is”. I added an inspection contingency in my offer. The seller’s attorney and agent tried to talk me out of an inspection, which I found suspicious.
The inspection was a disaster with several major issues and dozens of minor. I am fine with the minor issues but the major foundation and structural issues are $25-$30k minimum to repair. I requested a credit at closing for half the repair costs which I feel is reasonable. They refuse stating they have a backup cash/no inspection offer.
Here is my question: Once the written inspection is provided to the attorney, agent and sellers, aren’t they now legally obliged to provide that to any interested buyer? An estate doesn’t have to provide a condition disclosure because they simply can plead ignorance but the inspection notifies them.
I must mention that the selling price is right around current market value so adding $30,000 in repairs would not be a bargain.
What is an estate required to disclose? (NY)
byu/SajraJay inRealEstate
Posted by SajraJay