Every Buyer should ask "Mr/Mrs Sellers Can I get copy of your utility bills? "
In real
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 comin g
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.
Solution
Lesson I learned
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