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Colorado Real Estate Q&A Discussion Forum

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Holly Hall
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Potential Water Issue Disclosed

Holly Hall
Posted Sep 1 2019, 14:37

I'm considering purchasing a property in Denver. It has been disclosed that there may be a breach in the terrace water barrier that could lead to water intrusion in the unit downstairs. The seller has said he will cover repairs needed for a term of one year post-closing if an engineer hired by the building HOA determines repairs to the water barrier are needed (estimated cost $30-40k). Would such an agreement be enforceable post-closing?

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