Question:
is it ever possible to get back money from inspections and/or appraisals as well as earnest money?
lissabeth
2009-04-28 10:54:06 UTC
We tried to purchase a home that had a radon mitigation system installed. The home was owned by GMAC relocation and the prior owners had the system installed during the transfer process. We had inspections done and many things came up.
The radon levels were higher than acceptable. The front porch would need rebuilt so water would not eventually flow from that area down basement wall. There were other items, such as improper construction in great room walls, false statements on the original owner's disclosure to GMAC and more.
The system was serviced by installation company by replacing the fan with a stronger, larger one, resulting an a test that came back higher than the first. They then installed another draw line going from the original one (that pulls from under the slab). This line pulled from one of the side walls. The latest test came back higher yet at over 9. (4 is acceptable)
Any remodeling or work around the foundation will void the warranty on the system so we would be unable to repair the porch without ruining the warranty even if the levels were able to be brought down.
Research has yeilded information that the first thing they should have done was to check the floor and walls of the basement for any cracks/leaks and sealed them. The basement has carpet and pad and the walls are drywalled. They didn't remove these, only tried to "quick fix" things by installing more pipes and fans.
We have requested our earnest money back which I believe we will get, but due to the extent of the radon issue and other falsifacations to documents that should have already been caught by the listing agent at the very least, we believe we should be refunded all our monies.
Four answers:
2009-04-28 11:05:43 UTC
Assuming that you put a home inspection as a condition of your offer you will get back all the money tied up in the sale of the house and will legally be free from the contract. You will NOT recieve the money you paid the home inspector back. When you hire a home inspector you are investing money in to the house, if you choose not to buy it afterwards you are still on the line for the money to pay for the service. Consider yourself lucky, you spent maybe $500 to save yourself a ton of cash in the long run.
Steve D
2009-04-28 11:04:32 UTC
If there was an appraisal performed, you will not get that back. You paid that directly to the appraisal company and the company performed the work. They have no interest nor should they, in anything else wrong with the house. They were paid to do one thing, which they did.
infinite crisis 247
2009-04-28 11:06:19 UTC
you will not get any money back for appraisals or home inspections. if you push for this, you won't have a leg to stand on.
golferwhoworks
2009-04-28 11:00:57 UTC
you will not get refunds on inspections as these are independent contractors that have done a service


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