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Updated about 2 years ago,

User Stats

40
Posts
9
Votes
Petya Toncheva
  • Rental Property Investor
  • Fairfield County
9
Votes |
40
Posts

Misleading seller!! Who pays the Fees????

Petya Toncheva
  • Rental Property Investor
  • Fairfield County
Posted

Hello BiggerPockets community, I recently got an offer excepted on a Two family home, had the appraisal done, had a home inspection done, and then this happened. The lawyer called and said that the home is NOT a two family home. It is in fact, a SINGLE family home, I subsequently went down to zoning and planning and they confirmed that it is a one family home and that it is illegal to rent it out as a two family. Now, since I had the home inspection done I am getting billed by this company.

Am I liable to pay this bill?

I respect the home inspectors time but I feel like the agents knew or had some concerns and were obligated to advise me accordingly. I also fear that if I do pay the home inspector that I will then receive a bill from the bank for the appraisal they did.

I feel like I was misled by the sellers agent, as well as my real estate agent who are considered to be fiduciaries and have the experience of over 30 years, and should be able to tell me or advise me that this is a single-family.

I would love any and all advice on this especially if you have ever been in a situation like this.

Thanks in advance.

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