Sellers in Litigation with Builder

Hi all,

My wife and I recently scored an amazing opportunity to buy a house via private sale thanks to our realtor (who is also sellers agent). The house is fairly pricey, but the location is perfect and it’s somewhere that we can see ourselves living for 20+ years. It’s also only 4 years old. We submitted an offer today and it was informally accepted with a caveat.

It turns out that sellers had two builders construct the house. Apparently, they had paid the first builder for some materials that never showed up and the project was delayed. The house was completely covered up and sealed and no damage was done. Litigation ensued (and no allegations regarding build quality were thrown around). Sellers found another builder to finish the job and they’ve been living in the houses for 4 years without any real issue. They are now awaiting judgment on whether they owe the builder money (he countersued) or whether he owes them money.

My initial feeling is that this is really, at heart, a payment dispute that doesn’t have to do with build quality. However, because this is a huge decision and it does make my wife and I uneasy, we asked our realtor whether there are additional non-customary inspections that can be done to check whether this house was built properly and is solid for the price. She’s going to bring in a few additional professionals and sellers will agree to pay for them since they understand this is causing us anxiety. They are being fully transparent with us and providing us with open access to inspect as much as we want and ask any questions we want.

I guess I’m telling this story to ask whether I’m missing anything here or if I’m being crazy. The house is a really big decision but it’s basically 10/10 for us as a couple. We’ve been searching for years and the opportunity to be able to inspect, avoid a bidding war, and take our time to move are all such huge benefits.

I’d welcome everyone’s honest thoughts. Thank you!

submitted by /u/revan132
[link] [comments]

Hi all, My wife and I recently scored an amazing opportunity to buy a house via private sale thanks to our realtor (who is also sellers agent). The house is fairly pricey, but the location is perfect and it’s somewhere that we can see ourselves living for 20+ years. It’s also only 4 years old. We submitted an offer today and it was informally accepted with a caveat. It turns out that sellers had two builders construct the house. Apparently, they had paid the first builder for some materials that never showed up and the project was delayed. The house was completely covered up and sealed and no damage was done. Litigation ensued (and no allegations regarding build quality were thrown around). Sellers found another builder to finish the job and they’ve been living in the houses for 4 years without any real issue. They are now awaiting judgment on whether they owe the builder money (he countersued) or whether he owes them money. My initial feeling is that this is really, at heart, a payment dispute that doesn’t have to do with build quality. However, because this is a huge decision and it does make my wife and I uneasy, we asked our realtor whether there are additional non-customary inspections that can be done to check whether this house was built properly and is solid for the price. She’s going to bring in a few additional professionals and sellers will agree to pay for them since they understand this is causing us anxiety. They are being fully transparent with us and providing us with open access to inspect as much as we want and ask any questions we want. I guess I’m telling this story to ask whether I’m missing anything here or if I’m being crazy. The house is a really big decision but it’s basically 10/10 for us as a couple. We’ve been searching for years and the opportunity to be able to inspect, avoid a bidding war, and take our time to move are all such huge benefits. I’d welcome everyone’s honest thoughts. Thank you! submitted by /u/revan132 [link] [comments]

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