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sblime42 · 11-20-2005, 08:30 PM

I realize I'm a bit late, however, under California law every known defect has to be disclosed by the seller in the transfer disclosure statement. The problem arrises when you try to prove that the previous owner knew or should have known about the defect. Also, you'd have a pretty good case against the inspector, but you're probably end up spending more than 1K in legal fees (the lawyers I interned for charged $350 an hour) if you wanted to call him on it, and risk losing the legal fees and the $1k for the repairs. I am by no means a lawyer, however, I interned for a real estate law firm last summer and we had 3 similar cases. Also, I'm taking my real estate license exam in two weeks so all of this is relatively fresh in my mind. Either way, 1K really doesn't seem like much in the grand scheme of things (you just bought a house that has most likely already appreciated in value).

11-20-2005, 08:30 PM	#9 (permalink)
sblime42 Upright Location: look up	I realize I'm a bit late, however, under California law every known defect has to be disclosed by the seller in the transfer disclosure statement. The problem arrises when you try to prove that the previous owner knew or should have known about the defect. Also, you'd have a pretty good case against the inspector, but you're probably end up spending more than 1K in legal fees (the lawyers I interned for charged $350 an hour) if you wanted to call him on it, and risk losing the legal fees and the $1k for the repairs. I am by no means a lawyer, however, I interned for a real estate law firm last summer and we had 3 similar cases. Also, I'm taking my real estate license exam in two weeks so all of this is relatively fresh in my mind. Either way, 1K really doesn't seem like much in the grand scheme of things (you just bought a house that has most likely already appreciated in value). Last edited by sblime42; 11-20-2005 at 08:36 PM..