All Forum Posts by: Holly Hall

I would definitely require that the money be put in escrow. Supposedly the HOA has been saying they were going to hire an engineer to inspect it for about 18 months, but they've not done it. It makes me nervous to go ahead with it, but moisture checks in the unit downstairs following heavy rains since the time of the water intrusion (including a check 2 weeks ago) have been fine. It's a longer story, but in a nutshell, the drain on the terrace was blocked and Denver had 3 days of heavy rain, which is very uncommon. It's possible there's is no issue at all. I just want to be sure anything not done prior to closing can be enforced if it comes to that. Thanks for the input. Appreciate it!

I'm considering purchasing a property in Denver. It has been disclosed that there may be a breach in the terrace water barrier that could lead to water intrusion in the unit downstairs. The seller has said he will cover repairs needed for a term of one year post-closing if an engineer hired by the building HOA determines repairs to the water barrier are needed (estimated cost $30-40k). Would such an agreement be enforceable post-closing?