Roof Damage Before Closing

Apparently there was a big hail storm on the weekend between inspection and closing.

Roof damage before closing.

New homes and roofs are usually warranted to be watertight for a. Who is responsible for damage. Leak and damage before closing. Before closing if.

Some home defects are obvious and will be disclosed early. Fha loan the property must be in livable and insurable condition and the buyer must have secured property insurance before closing. Log in or sign up to reply 1. If the home buyer s state has a seller disclosure law that requires the seller.

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. But if the deductible is low enough and the damage high enough i would think you would make up for it. The problem with roofing damage however. Ask your real estate agent to raise the purchase price amount with a caveat that the seller repair the roof before the.

I just recently bought a house only to find out i have 16 000 worth of hail damage on my roof. But don t wait until you own it because then it is damage before the policy is in place. Seller s roof damaged before closing. Of the property up until closing which means any damage done to the home.

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. Generally though the home seller is responsible for disclosing any significant defects in the home. 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. Money in escrow so that you can have the roof repaired after closing.

Home buyers recently purchased a home that has severe hail damage from a storm between their home inspection and closing. Depending on how substantial the damage. Before even thinking about the seller look through your closing papers to see if your roof is under a warranty or certification.