Condominium homes

17 Nov

Posted by Admin as Real Estate

20 Questions to Ask Before Buying a San Mateo Condo « Living Well …
Buying a condominium is a great way for young families to get into the San Mateo real estate market. It’s also a good option for empty nesters or anyone wanting to downsize and rid themselves of the hands on aspects of home maintenance. … read more…

Jacksonville Real Estate Source: New FHA Condo Rules
Through my years I have been specializing in single family homes and investment properties helping homeowners and investors reach their goals through exceptional customer service. My career has been built upon providing value to my … read more…

CEBU REAL ESTATE NEWS: New perspective in condo living at WOODCREST
The WOODCREST Residences is Primary Homes Inc.’s newest condominium that was designed to encourage its residents to maximixe the use of the natural elements in its surroundings where one can breathe in the fresh air, and enjoy the lush … read more…

From Google Blog Search

First Time Home Buyer Stimulus: Are You Ready to Claim Your Tax Credit of Up to $8,000?
Buying your first home is a big, life changing decision regardless of the economic climate. The decision becomes even more bold in an a recession where job cuts are rampant and the housing market has … read more…

Picking the Best Apartment for a home buyer.
Chicago is rich with all kinds of condominiums you could choose from. The city’s skyline is representative of the inviting beauty of high rise condos that speaks of the abundance in the city…. read more…

Experience the Comforts and Joys in Residing in a Baltimore Condominium
Touch base with the nation’s history as you settle comfortably in a condo in Baltimore. Experience how it is to be a resident of a precious heritage. Be a part of a vibrant community that makes the… read more…

From GoArticles.com

Open Question: Who pays to repair the faulty sewer in this purchase of a used condominium?
Condominium Owner puts his condo up for sale via a real estate agent (the “Listing Agent”) who lives 6 condos away in the same condominium complex. Condo Owner moves out of state, leaving his condo to be showcased and sold by the Listing Agent who has full access to the condo and can report to the owner any needs for upkeep the seller cannot immediately see. .

One year passes without a buyer for the property materializing. During this time, roots from a tree outside the condo grow into the condo’s sewer, partially blocking the ability of one toilet to flush. None of the other condos surrounding this unit (attached town homes) experience sewer blockages.

A different real estate agent (the “Buyer’s Agent”) brings the condo to a new buyer from out of town. The Buyer’s Agent shows the new buyer the property and no sewer problems are mentioned nor are apparent at that time. The Buyer makes a bid which is accepted. A Home Inspector is called in to inspect pursuant to the terms of the Buyer’s mortgage. The Home Inspector flushes the blocked toilet ONCE and no problems are seen. The buyer then closes on the purchase/sale and moves in.

Then after a few flushes, the toilet backs up and floods the downstairs in the first week that the buyer has moved in. The cost to repair the toilet is expensive in that it requires scoping the sewer pipes, digging and replacing the blocked portions. The bill is $3000.

Who does the buyer have LEGAL RECOURSE TO in order of who is most reponsible for selling him a home with a faulty sewer no-one told him about:

A. The Seller
B. The Listing Real Estate Agent
C. The Buyer’s Real Estate Agent
D. The Home Inspector
E, No-one (i.e. “Buyer Beware”)