Every Buyer should ask "Mr/Mrs Sellers Can I get copy of your utility bills? "
estate every day is a new lesson. This is story I want to share from a
fellow Realtor whose client bought about 10 year old home in Ashburn Virginia. After living in merely first 3 months they got huge water bill from the Loudoun Water and Sanitation department.
The things that puzzled them was:
- They are average users (family of 4).
- Being a home owner in past they kind of knew what their average water bill use to be.
- They had got the home inspection done and no major issues were found.
They contacted the county and found their may be a leak at the main water line coming
into the home. This was notified to the sellers just couple days prior
to the closing which was the last billing cycle. Now this is a material
defect that the seller did not disclose to the buyers.
the buyers could have hired the lawyer and fought to get the seller to
fix the water line and pay for any damages and attorney's fees. However
as we all have excuse the buyers did not want to go through the trouble.
My fellow Realtor buddy was generous enough to compensate for the cost
to fix the plumbing.
Lesson I learned: Well I am asking now on to get a copy of the utility bill or know the average even if the home is few years old.