I know of problem with listed house not disclosed! Not my listing

I know of problem with listed house not disclosed! Not my listing

Taylorsville, UT · Member since 2017 · 23 posts · 22 votes

Long story short- I tried to buy this house as an investor and then tried to list it as an agent.  The lady is a real piece of work and was offended with my "lowball" offer of $120k. Another agent is listing it.He held an open house and I went as it is a 2 minute walk from my house. He was disinterested because that house won't sell at the listed price.

At the open house I saw that a 5 foot crack in the wall had been filled in and painted.

The damage is not on the owners disclosure.  I feared that it could have been a foundation issue when I walked and videoed the property before I made my initial offer.

Should I tell the agent about this? Do I have a duty as a Realtor to do so or is that overstepping my bounds?

FWIW she is listing a 2000 sq ft 1953 rambler that needs a full rehab for $250k, the comps barely support that in good shape.

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  • JD MartinBusiness Member
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    Rock Star Extraordinaire · Northeast, TN · Member since 2015 · 10k+ posts · 17k+ votes
    9y

    Since you have no way of knowing what the verdict was on the crack, you might be getting yourself into legal trouble by making claims that may or may not have merit. I might mention it to the agent in passing and ask what the verdict was on the crack, so that at a minimum the agent knows that someone else knows there had been a crack there. Otherwise, I would mind my own business and move on to other homes. 

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  • Taylorsville, UT · Member since 2017 · 23 posts · 22 votes
    9y

    Cool.  Thanks.

    Just noticed I posted this in the wrong forum.

  • Investor · Greenville, SC · Member since 2016 · 5k+ posts · 13k+ votes
    9y

    Hard to see out the front window when you are looking in the rear view mirror.  Let it go.

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