All Forum Posts by: Account Closed

It’s all dependent on the person. If it’s just a basement you don’t plan on doing anything with then it’s whatever you feel is right about it. I’m sure you can get out of the contract because most likely the seller knew of this issue and hoped it didn’t flood before the sale.

I’d also say that more than 50% of north nj basements take on water. You can do some grading around the property to stop water inflow. Check that the gutters drain away from the house, check if there is a sump pump. Check for French drains. Ask the neighbors if they take on water.

No drains or sump pump.

The basement is finished. Everything got water on- drywall, carpet etc, utility room, everything. Water was a few inches high outside the basement windows during the storm. Not in flood zone. No known flood issues in seller's disclosure.

We're under contract right out of the inspection period so we don't know the neighbors. Sellers had already expressed they no longer wish to sell prior to this happening, so they will not be making any repairs. Do we walk from this or can we force them to repair?

1 Vote

Originally posted by @Dustin Allen:

@Account Closed

What does your attorney suggest?

Drop a city and state and someone can probably give you more accurate local advice. The response could be a little different between California and Texas, for example.

Northern NJ

0 Votes

We're under contract on a primary and we were just notified that the basement flooded. The entire basement has a sheet of water after an unprecedented heavy storm. Sellers sent photos through our attorney. What kind of options do we have? We're past the inspection period.

6 Votes

@Serena Kim that occupancy rate is impressive! do you have any slow months?

1 Vote

Does anyone here own a short-term rental in Kissimmee near Disney? Curious what kind of rental income you can get for a single-family house. Taxes, HOA and CDD add up quickly to 20k+ a year. The market is saturated there, yes, but surely some people must be making a good profit there enough to have so many listings?

Because of the shutdown, I'm having a hard time getting data on rental income. Airdna only shows the last 12 months and nearly all listings have really soft numbers. I'd love to hear the experiences from anyone who owns a house near Disney.

***I do not need a realtor, thanks!***

0 Votes

All Forum Posts by: Account Closed

Account Closed has started 4 posts and replied 25 times.

Post: Under Contract and Basement Flooded. Now what?

Post: Under Contract and Basement Flooded. Now what?

Post: Under Contract and Basement Flooded. Now what?

Post: Short Term Rental in Kissimmee/Disney Area

Post: Short Term Rental in Kissimmee/Disney Area