Google
Think Glink
Web
 
Articles by Ilyce

Bad Home Buyer Behavior

REM #F702

By Ilyce R. Glink

Summary: Five years after the sale of her home, a ThinkGlink reader is being asked by the buyer to pay for a new septic system. Ilyce explains that this bad buyer may sue them, but that the suit won't win in court.

Q: I sold my home in 2001. All plans for the home including septic system were handed over to the new buyers. The septic system passed the inspection and they received the documentation.
 

They had their own inspector inspect the house. The sales contract stipulated that the house was being sold 'as is'.

Five years after we closed, the buyers say the septic cover is under a porch and they want $55,000 to remove the porch and erect a new one. Plus, they want me to pay them more cash to recover any monies they might lose when they sell the house.

A: I think this sort of bad buyer behavior is outrageous. I hardly know where to start.

If you signed a contract that said the home was being sold "as is," and the buyers had someone inspect it, and you fully disclosed the septic tank situation, it's difficult to see how the buyers can come back now, five years later, to say "It's your fault. Pay me."

Unless you just write a check (and I wouldn't), they'll have to sue you for damages. What are they suing you for? You disclosed the system, and they had it inspected. It passed inspection. You sold "as is."

In addition, the transaction happened five years ago. In many states, the statute of limitations would have already expired, so they could not sue you for damages. The case would simply be dismissed.

Unfortunately, anyone can sue anyone for almost any reason. That doesn't mean they'll win in court, but it might mean a long, drawn out, expensive battle. To make sure you haven't missed anything, you might want to sit down with a real estate litigator and discuss the situation.

NOTE: This column is distributed by Real Estate Matters Syndicate, PO Box 366, Glencoe, Illinois, 60022. This column may not be resold, reprinted, resyndicated or redistributed without written permission from the publisher.

Thinkglink Popular Stories...

Quit-Claim Deed Question
Quit Claim Deed Transfers Property Taxes
Deed in Lieu of Foreclosure Will Hurt Credit Rating
Paying More Than The Asking Price
How To Finance Home Repairs

Link to This Article

Like what you've read? Spread the word! You can link to this article from your website by copying the following code and adding it to a page on your website:

 

Ilyce
Ilyce

  • Recommended Stories..
  • Refinancing With Poor Credit Score
  • Building Out Your Closet on a Budget
  • Buying a House with Bad Credit
  • Buy Rental Property With Home Equity Loan
  • Bi-Monthly Mortgage Payments
  • Looking At A Seller’s Closing Costs
  • Retirement Accounts Questions
  • Capital Gains Tax Question
  • How Do Reverse Mortgages Work?
  • WGN-TV Show Notes -- February 28, 2001
  • 1031 Exchange to Avoid Capital Gains Taxes
  • Loan Qualification Question
  • Dealing with Synthetic Stucco Homes
  • Buying A Used Car
  • Tenants By The Entireties
  • 401(k) Open Enrollment
  • Creditors "Charged Off" Credit Account
  • How Do Reverse Mortgages Work?