All Forum Posts by: Samuel Gebretnsae

It’s becoming increasingly frustrating—the seller refuses to provide any proper documentation. He only gave me an estimate (doesn't show work completed) for $5,000, even though the repairs were stated to cost $15,000, he said he lost other documents, when I ask him to retrieve them or allow me to retrieve them from repair company he won't. Additionally, the repair company won’t provide me with any information. When I brought up that withholding proper documentation could be a breach of contract, the response I received was that I could terminate the agreement, but I wouldn’t get my escrow or due diligence money back.  Has anyone else faced a similar situation? If so, how did you handle it? Any guidance would be greatly appreciated.

The issue is that the insurance claim for the property was for $15,000, but the receipt the seller provided for the repairs is only for $5,000. When I tried to contact the repair company to get more details, they informed me that they could not share any information.

When I asked the seller further questions to clarify the discrepancy and requested more information, he became upset and stated that he would not provide anything beyond the one-line receipt, which only lists the cost of the repair without any additional details. He insists that he has no obligation to provide any further documentation or clarification.

 How  do i know the contractor not cut corner, the seller refuse to disclose the scope of work done, and the contractor said he won't reveal it without seller permission, so they are basically say we won't give you any information beside invoice, other figure it out yourself with your own money, we don't' have obligation. The seller feels showing the invoice was a favor, it weird situation i am in, has anybody face such situation?

The issue I am facing is that my due diligence period has already expired. It was only after this period ended that I discovered the problem when I encountered difficulties obtaining home insurance. As a result, I stand to lose not only my due diligence fee but also the escrow money.

The situation has become even more concerning. When I asked the seller for receipts detailing the work done and requested permission to speak with the mitigation company directly, he refused. He only provided an invoice for $5,000, even though the insurance claim was for $15,000. Beyond that, he stated he would not disclose any additional information.

The seller’s agent has also claimed that the seller is not obligated to reveal anything. She argues that the obligation to disclose only applies to structural or fire damage, even if the repairs have been completed. However, the contract explicitly states that even repaired work must be disclosed, using “such as structural or fire damage” as examples. She interprets this language to mean that only those specific types of damage must be disclosed, and nothing else.

Their position is essentially that, since the repairs were completed, they have no obligation to disclose further details. They have even suggested that if I want to pursue the matter, my only option is to sue, as they believe they are fully within their rights to withhold this information.

Seller can do cheap cover up fix, then he said i believe it fixed, and by law he will be protected. It doesn't make sense

Are you saying that even though he filed an insurance claim for $15,000 and only provided me with a $5,000 quote without any description of the repair, he is not required to disclose it because he believes it’s fixed? Other commenters seem to agree with me that such information should be disclosed. However, if I understand you correctly, are you saying it is not required to disclose it?

I find myself in an unusual situation. I am currently under contract for a property, and my inspection period has just expired. While shopping for home insurance, I kept receiving higher premium quotes. Curious about the reason, I consulted my home insurance broker, who informed me that the property had a water damage claim filed a few months ago, which is causing insurers to be cautious.

This information surprised me, as it had not been disclosed by the seller. I reached out to the seller to request details of the repair and asked why this was not mentioned in the seller’s disclosure. On the disclosure form, the seller had indicated “no” to any known damages. The seller responded that since the issue was repaired and he believes there is no ongoing problem, he did not think it needed to be disclosed.

When I asked him to extend the inspection period so I could follow up with the repair company and conduct my own inspection, he declined.

I disagree with this interpretation. From my understanding, based on my experience buying and selling properties in Texas, any known repair or damage—even if resolved—should still be disclosed, along with a note explaining that it was fixed. The seller insists that in North Carolina, he is not required to disclose resolved issues.

I’m looking for guidance on this matter. Does North Carolina law require sellers to disclose past repairs or damages, even if they have been fully addressed? Any insights would be greatly appreciated. Thank you!

Hi, I am new to real state business, I leave in California, and I want invest in rental property, so I am learning all the way through BiggerPockets, podcast, forum and books. Since I am remote worker, I can invest pretty much anywhere in Big Cities, to start I am taking Dallas as a target. So I am activity looking property in Dallas to the price range of 600K, I was running every potential property through Bigger Pockets "Rental Property" tool, and to my surprise every property I got have CoC ROI in negatives. Does this mean, now it is bad times so I need to put a break to my rental property ambition, with Inflation I know my saving being in Bank is not good also, but at the same time, I don't want buy property that doesn't have cash flow and am not sure it will appreciate either ( as people are talking about housing market crash or correction). Even thought I am seeing negative CoC ROI, all those properties are being bought after couple of weeks ( most after over 20 days on market and couple of thousands price cut, which doesn't affect CoC ROI much), I wonder what is the plan of those investors that are  buying those properties which is clearly not gone make them cash flow ? Are they betting on the appreciation?