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Updated almost 8 years ago on . Most recent reply

Tay Way's profile image
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Tay Way
  • from Bronx, New York
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  • Bronx, NY
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Rehabbing & House Flipping

Who's responsible after the house is sold?

Tay Way
  • Bronx, NY
Posted

Hi All, 

I have a question about flipping, say I purchase a house, rehab and flip it. A week later after it's sold the buyers find out there is a problem with the house that I nor the buyer caught before selling. Am I still responsible since I just sold the house or is the buyer's problem now?

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J Scott
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J Scott
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J Scott
  • Investor
  • Sarasota, FL
ModeratorReplied

As long as you disclosed to the buyer all defects known to you, you should have no liability after the sale.

That said, I'm not a lawyer.

  • J Scott
  • Podcast Guest on Show #2024
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