Me and my agent yesterday were going to meet up with an inspector to look at the home I had under contract and when we go there we noticed the power was turned off so we had to reschedule and call the seller to turn the power back on. So the next morning I get a text from my agent saying that the seller turned the power on and we are good to do the inspection when the time comes around.

So today rolls around and when I was in the gym after work I get a call from my coworker who lives directly across the street from the home I am trying to purchase telling me that there is water flowing like a water hose from the garage into the street. So I have my agent going over to look and sees water flowing from the ceiling (right below the HVAC) onto the wood floor and getting into the carpet of some rooms as well. We believe that either the water heater broke or a pipe bursted due to the cold weather. We don’t know exactly how long the water was on the floor for or how long the pipe was running.

My question is what are the negotiations options that I have? Also what should I look out for in damages to ensure the seller doesn’t try and cheat me when they repair it? I don’t have the money to put into the home unless is direct cash from the seller.

The house was already listed below appraisal due to the seller trying to get rid of the home (the home is only 7-8 years old and in a good neighborhood with no inspection done by previous people who had the home under contract and backed out) . There is also a smoker smell in the home. I believe that this is the perfect property for me to make good money off of but I want to be sure I play my cards right.

Any advice or suggestions?

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Pipe burst during due diligence

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