After it aged 35 months, we realized we had major construction defects.

Defects in the good or service may be hidden from the buyer, and only known to the seller.A common way that information asymmetry between seller and buyer has been addressed is through a legally-binding warranty, such as a guarantee of satisfaction.

I have learned a great deal about title defects, tax liens, marketing, and more from you thanks for answering all my questions.

But don't have an inspection done till you have the house locked up with a subject to inspection of any major defects.

Somebody wanting to sue for you backing out of a bad deal or accusing you of selling them a property with defects like unknown termite damage).

You as a relator receive commission on the OFFER price not the offer  price minus repair credits so it is to your advantage to negotiate credits post offer even when the "defects" are known up front but that is another topic.

The system was created because sellers and/or realtors didn't like the normal system of allowing buyers to evaluate a property and walk away when misrepresentations and/or defects are found.