Buying & Selling Real Estate
Market News & Data
General Info
Real Estate Strategies

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal



Real Estate Classifieds
Reviews & Feedback
Updated over 1 year ago on . Most recent reply

Neighbors told new home owners about the flood we had couple days before closing..
Hi Everyone,
Looking for some advice. We recently sold our house to the new buyers and when they moved in they neighbors told them that we had a flood in the basement couple days ago before closing. Now they want to sue because we never mentioned it. What can happen in a situation like this. Keep in mind that the basement is unfinished and nothing got damaged it was only couple inches on water that we took out and dry out the basement and made sure everything was good.
Most Popular Reply

Quote from @David P.:
I would of problably done the same. The buyers had a time period to do their due diligence and by that time it was past the inspection period i assume. If they knew there was a flood in that area they could of asked before closing or asked to do more inspections. Most time you buy a property it is as is once your inspection period is up. If you haven't told them anything yet..you could just play dumb and say the neigbhros dont know what they are talking about and nothing happened. People all over the country find issues with a a property after closing and who knows if the seller knew in advance or not.
This is the worst advice ever! Great way to be in even more legal trouble. Anyone who tells you to lie isn’t worth listening to.