Do sellers have to disclose water damage?
In Queensland and New South Wales, you must disclose if your property is in a flood zone.
Can a home inspector miss a water leak?
It turns out, there is an extensive water leak, causing mold. You hire an engineer, at great expense, who surveys the home, and notifies you that the the leak is one of several major structural deficiencies. The original home inspection missed all of these.
Why do you need a home inspection if your water is not on?
The basic reason for a home inspection is learn about the condition of the home and if the heater, dishwasher and other things are working properly. When the electric, gas or water is not on, then the question comes up, as to what is the best thing to do.
Can a buyer be present during a home inspection?
As an added safeguard, buyers should be physically present during the inspection. If an inspector balks at this idea, that’s a red flag.
Can a home buyer Sue a home inspector?
Beware of Exculpatory Clauses. An important note of caution before you run to court: Many home inspectors will limit their liability within the contract the home buyer signed with them, using what’s called an exculpatory clause.
It turns out, there is an extensive water leak, causing mold. You hire an engineer, at great expense, who surveys the home, and notifies you that the the leak is one of several major structural deficiencies. The original home inspection missed all of these.
Can a home inspector Inspect a home before closing?
Usually, home inspectors provide a full evaluation of the home’s condition prior to closing. In theory, the inspector should have spotted problems that the seller perhaps never knew.
Beware of Exculpatory Clauses. An important note of caution before you run to court: Many home inspectors will limit their liability within the contract the home buyer signed with them, using what’s called an exculpatory clause.
Can a seller be liable for a home inspection?
Hopefully, you got a home inspection before buying. In theory, the inspector should have spotted problems that the seller wasn’t aware of. If the inspector missed problems that an expert (a professional peer) should have noticed, the inspector may be liable. Read over your inspection report to see what it said about the area in question.
