u/certainlycertain_

Hi,

We are under contract on a home where the seller’s did not list on the seller’s disclosure that they had any history of water intrusion/remediation or foundation issues/remediation. Well, we were at the house the other day to get quotes for flooring and went into their basement to see the progress they’ve made on moving out and discovered evidence of water intrusion and attempts to seal it in multiple areas. In two of the areas, the sealant was bubbling and when we pressed on it water trickled out.

They claim they “forgot” to add it on the sellers disclosure - but we aren’t buying it. We also found out they sealed the back windows on that wall and it appears that beneath there is evidence of water intrusion there. They have been the owners for 30+ years.

We are considering walking away because this seems like an expensive issue that will likely require excavation and grading all along the back of the house, meaning the patio and other areas would need to be ripped up. We also noticed the other day the backyard felt wet and soggy despite it not having rained recently.

Wanted to hear your thoughts if we are in the right to walk away? We are already paying a lot on a house that needs a lot of cosmetic updates - but adding structural stuff is enough for us to want to get out of the contract.

https://imgur.com/a/EfK2Sqb

Husband and I are under contract on a ~35 year old house. Current homeowners have been there since 1994. This was an off market sale in the Philly suburbs and we are slated to pay $1.325 for the property, waiving all contingencies. In any event, the homeowners allowed us to come in yesterday to have contractors come through for some quotes and during the process we discovered they cleared out their hoards of junk from the basement and there was a ton of water damage against on one wall. This was not disclosed anywhere in the seller’s disclosure. They can’t even pretend they didn’t know about it because there’s evidence that they’ve attempted to caulk/seal the cracks.

We are trying to figure out next steps - if we walk away entirely or ask for remediation costs to be covered along with a considerable discount on the home price.

https://imgur.com/a/0kKKV0v

Edit: forgot to add that we found actual water still leaking through, so it’s an active issue.