The home inspector called over to my client and said, ” Did the seller tell you when he had the fire in the attic?” To which my client responded….”this could be a dealbreaker” Ultimately it was even though my client has spent >$900 on Termite, Structural & Drainage & a General Home Inspections.
The undisclosed fire in the attic was the tip of the iceberg…..also discovered was a hot water heater & the homes forced air furnace were not hard wired….the DIY seller had supplied electricity via extension cords.
The moral to a seller is always assume everything you know about your home will be discovered by the buyer so it’s always best to deal with repairs and corrections prior to escrow….it costs you far less money in the long haul.
PS: My client asked for a $20K price reduction (less than all of the inspections estimated)but the seller wouldn’t budge on the price so we pulled out of the deal. That was over a month ago and the house hasn’t yet sold.