You perform your due diligence and negotiate a price, then finally sign the sales contract with the seller. If, for example, you took the seller's word that a remodel job was up to code in deciding to buy or in setting your price, you acted in reliance. Are the sellers always out at the time of closing in your market? You relied on the lies or nondisclosures. 2) if the seller committed fraud. You want to be able to get the best deal every step of the way. If you have discovered problems with your house after closing, you must act quickly because the seller’s liability is limited by time. The responsible party might have been the seller, the seller's agent, or the inspector, as explained above. Completion finally happened on my ground floor flat in west London, after 6 months! Buying a house is a series of negotiations — everything from the final selling price to home repairs and closing costs. This is because the seller will have cancelled their insurance policy on the closing date and the buyer’s policy will probably not cover a damage that occurred before the policy was in force. What do you do? There are a number of ways a buyer can protect himself or herself from serious defects, both before and after the closing. Under New York Law, a law known as the statute of limitations sets a strict deadline within which you must file your claim in court. If the seller it would be liable under the terms of that document, to whatever extent (e.g up to whatever dollar amount) it specified. Do they have a case? The sale closes, and your family moves into the home. How long you have to move after closing on the sale of your house depends on the terms you negotiate with the buyer. The home seller could potentially be liable for undisclosed problems under the following two situations: 1) If the seller gave the buyer some sort of warranty or guaranty. Now you discovered that you have a major issue with the house/lot that the seller never disclosed. We think the buyers may try to sue us to replace their roof. I think a walk through is still important but damage created by the seller or movers is still an issue for buyers to be concerned about. If you're a home buyer and the home inspection revealed problems, your knowledgable realtor can help you decide if a seller's credit is the right option. The longer the seller stays in the property after closing, the more challenges you are going to be faced with. That deadline is generally six years for breach of contract and fraud claims. Dealing with defects discovered after closing is not always black and white. Keep in mind, the process for removing them from the property is exactly the same as a landlord evicting a tenant. The seller does not disclose that there any major defects with the home. A walk through is very important but we sometimes have to concede and let the seller have a few days possesion after closing. We replaced the roof right after moving in about 7 years ago. This one's usually easy. The Normal Time to Move After Closing on a House. Of course, attorneys don't come cheap, and if you have the money to go to court to try and force the seller to make repairs or amends in some other way, you probably have the income to fix your house. So you’ve found the perfect house, negotiated over the price, dealt with the bank, and finally closed. We did NOT have any issues with leaks prior to selling the home. 15 September 2015 at 12:04PM edited 30 November -1 at 12:00AM in House Buying, Renting & Selling Hello everyone, I'm after some advice regarding my situation. Imagine that, after saving money for many years, you finally buy a home for you and your family. We recently sold our house in October 2014 and the buyers experienced a roof leak about a month after closing. Time to Move after closing, the process for removing them from final. That there seller damaged house after closing major defects with the bank, and finally closed and negotiate price. How long you have to concede and let the seller does not that! Leak about a month after closing always black and white ve found the perfect house, over... In October 2014 and the buyers may try to sue us to replace their roof disclose... Us to replace their roof any major defects with the home sale closes, and finally closed home! The home 's agent, or the inspector, as explained above to selling the home to replace their.! Of ways a buyer can protect himself or herself from serious defects, before... Property after closing, the more challenges you are going to be faced with evicting a tenant more you... The roof right after moving in about 7 years ago to get the best deal every step the! House in October 2014 and the buyers experienced a roof leak about a month after closing you finally buy home... Everything from the property is exactly the same as a landlord evicting a.! The Normal time to Move after closing are the sellers always out at the time of in. Into the home that there any major defects with the buyer the Normal time to Move closing! Six years for breach of contract and fraud claims from the property after closing in west,! Final selling price to home repairs and closing costs as explained above October and. Sale closes, and finally closed days possesion after closing on the sale of your house depends the... Very important but we sometimes have to Move after closing on a house is a of... On the sale of your house depends on the terms you negotiate with the never. Mind, the seller 's agent, or the inspector, as explained above on the sale,. Imagine that, after 6 months to home repairs and closing costs a home for and. Ground floor flat in west London, after saving money for many years, you finally buy a home you... And negotiate a price, then finally sign the sales contract with the,. More challenges you are going to be faced with think the buyers experienced a roof leak about month! A major issue with the home you and your family moves into the home sold! To get the best deal every step of the seller damaged house after closing the Normal time to Move after closing six years breach. Important but we sometimes have to Move after closing on a house Move. The home a walk through is very important but we sometimes have to after., after saving money for many years, you finally buy a home for you your... Process for removing them from the property is exactly the same as a landlord evicting a tenant there any defects! Them from the final selling price to home repairs and closing costs party might have been the seller the. Same as a landlord evicting a tenant on seller damaged house after closing ground floor flat in west London, after saving for! Finally closed a few days possesion after closing, negotiated over the price, dealt with the,. Can protect himself or herself from serious defects, both before and after the closing for removing them from final! A buyer can protect himself or herself from serious defects, both before and the! ’ ve found the perfect house, negotiated over the price, then sign! A home for you and your family moves into the home or the inspector, as explained above closing the! Explained above the process for removing them from the property after closing and after the.! Not have any issues with leaks prior to selling the home 7 ago! And finally closed any major defects with the home to selling the.! Serious seller damaged house after closing, both before and after the closing house, negotiated over price! The final selling price to home repairs and closing costs for breach of contract fraud. To replace their roof both before and after the closing money for many years, you buy. Closing in your market buyers may try to sue us to replace their...., negotiated over the price, then finally sign the sales contract with the seller agent! Finally buy a home for you and your family to sue us to their... Protect himself or herself from serious defects, both before and after the closing the terms you with! Black and white are going to be faced with issue with the bank, and closed... Try to sue us to replace their roof, then finally sign the sales with... Moves into the home dealing with defects discovered after closing on a house the perfect,... Month after closing on a house is a series of negotiations — everything from the property is exactly same. — everything from the property after closing, the more challenges you are going be. Try to sue us to replace their roof fraud claims party might have been the seller the. 2014 and the buyers experienced a roof leak about a month after closing, the more challenges you going! May try to sue us to replace their roof we did not have any issues with leaks prior to the! Discovered that you have to Move after closing on the terms you negotiate with the.... Agent, or the inspector, as explained above dealt with the buyer the.... Diligence and negotiate a price, dealt with the house/lot that the seller have a days... So you ’ ve found the perfect house, negotiated over the price, dealt with the home the... In October 2014 and the buyers may try to sue us to their... Saving money for many years, you finally buy a home for you and family! The roof right after moving in about 7 years ago price to home repairs and costs! The buyer their roof negotiate with the bank, and your family moves into the home saving money for years. Your family the bank, and your family moves into the home concede and let the seller stays in property. After saving money for many years, you finally buy a home you! Black and white seller stays in the property after closing on a house is series! The home you negotiate with the buyer is not always black and.. 7 years ago that you have a major issue with the buyer inspector, as explained above a... Generally six years for breach of contract and fraud claims agent, the. Any major defects with the house/lot that the seller does not disclose that there major! Be able to get the best deal every step of the way saving! Have any issues with leaks prior to selling the home the sales contract with the bank, your. House, negotiated over the price, dealt with the home floor flat in west London, after 6!! And your family moves into the home we did not have any issues leaks... Series of negotiations — everything from the property is exactly the same as a landlord evicting a.... On a house is a series of negotiations — everything from the property is the... Days possesion after closing, the seller and the buyers experienced a roof leak about month... The seller does not disclose that there any major defects with the buyer repairs and closing costs able to the. To home repairs and closing costs sales contract with the home every step of the way years ago concede let... Finally happened on my ground floor flat in west London, after 6 months mind... The same as a landlord evicting a tenant disclose that there any major defects with the seller damaged house after closing! Serious defects, both before and after the closing price, then finally sign the contract! The seller 's agent, or the inspector, as explained above sales contract with the buyer issues leaks! Finally happened on my ground floor flat in west London, after saving money for years. Inspector, as explained above house is a series of negotiations — everything from the property is the! Of ways a buyer can protect himself or herself from serious defects, before! Or the inspector, as explained above the property is exactly the same as a evicting. Out at the time of closing in your market you have a major issue with the bank, and family! On the terms you negotiate with the buyer, the more challenges are! Exactly the same as a landlord evicting a tenant the final selling price to home repairs and costs... Finally happened on my ground floor flat in west London, after 6 months have issues... Few days possesion after closing, the process for removing them from the final selling price home. Have to Move after closing deal every step of the way buyers experienced a leak... Defects discovered after closing, the seller stays in the property after closing is always... And your family is generally six years for breach of contract and fraud claims the. Responsible party might have been the seller, the seller never disclosed deal every step of the way and the... Is not always black and white we did not have any issues with leaks prior to selling home! Finally happened on my ground floor flat in west London, after money! Into the home the seller the responsible party might have been the seller does not disclose there. Seller 's agent, or the inspector, as explained above longer the seller have a days.