Water leak in garden unit
Hi everyone,
I am currently looking to purchase a condo which is a garden/basement unit with strong cash flow potential as a rental property. I was going to submit an offer but received a disclosure report stating "a trickle of water occurs in the bathroom during heavy rain events."
When we followed up with the selling agent, she said there is a tiny trickle that comes through bathroom maybe once a year and that the owner installed a sump pump in the last year. She went on to say it's virtually nothing but the owner wanted to be up front about it.
I was looking for any advice on this matter. I wasn't sure if they would disclose just to make sure they are covered if they sell it and then something floods? Or if this would seem legitimate? And if I were to continue with purchase, would any serious problems come up in an inspection maybe?
Thanks for any help!