Buying & Selling Real Estate Discussion

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Dan Rose
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AC goes out day before closing, not known until after closing

Dan Rose
Posted Sep 16 2019, 11:59

Hey everyone, I've been following for several months and just closed on my first buy and hold rental property on Friday at 2pm.  After closing at the title company, I was informed that I would need to go to the previous owner's property management company to pick up the keys.

When I arrived, they informed me that there had been a service call the day before about the air conditioning not working.  A tech was sent out that Thursday afternoon, and it was discovered the unit was shot and needed to be replaced for about $2,400.  A bid was sent to the property management company on Friday morning to replace the AC unit, and that was forwarded on to the seller's agent at 1:37pm.  I don't believe the owner of the property was made aware of it until after closing as well.

Is this just bad luck and I should move on or do I have any recourse since the issue was first reported to the property management company prior to closing?  Either way, I have already scheduled the AC unit to be replaced!


Thank you in advance!

Dan

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