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Updated about 5 years ago on . Most recent reply
property with septic issues
I purchased property with septic issues from a wholesaler 6 months back saying as is. Wholesaler did not mentioned me about any septic related issues. I was only given 10 days to close and told not to disturb tenants. Now i am dealing with all head aches. Is there is a way i can ask wholesaler to talk to previous owner to pay for the septic related repairs? As a seller do i have any rights or help i can get in this matter. Thanks in advance. Please advise
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You would have to review the contract that you assumed when making the deal with the wholesaler. In most cases the properties are sold as is, and from what I typically see the sellers wouldn't have any responsibility. Review the contract and if unsure have a real estate attorney review. If you purchase a property and can't do inspections then you should always expect the worst case scenario, and negotiate with that in mind. Hopefully you got a good enough deal that you can overcome the issue and it is still a good investment.
Good Luck, Aaron