Townhome Sale

[bcorgan]

What is the name of your state? IL
Hi all,
Great site here....lots of info, and it appears that there is lots of useful advice.

Here is my situation...
I live in Illinois & selling a townhome which is currently under contract. They buyer chose to not hire a professional home inspector and instead chose to do a walk through as husband/wife (They came back with a few small things).

Since before we even put the place on the market, we submitted a request to our HOA stating that there were a few cosmetic things that we wanted taken care of. They came out to fix them after the contract was signed & walk through was completed, and one of the items showed some water damage to an outside piece of wood based upon some poor sealing.

The contractors hired by the HOA repaired what needed to be repaired, and all looks good.

After that long winded intro, here is my question.
Illinois disclosure forms state, and this was after an amendment to the original form in 1997, "These disclosures are intended to reflect the current condition of the premises and do not include previouls problems, if any, that the sller reasonalbly believes have been correct".
Given the fact that the contractor/HOA has stated that all is now good, and that the problem does appear to be all good, am I OK? Can the buyer come back at my at some point down the road if there ends up being an issue that the contractor/HOA did not find?
I'm not a home inspector, and I'm not going to go out and try to find problems with the place. The entire outside of the building is the responsibility of the HOA, so if they say it is OK and it is resolved, do I need to pursue this any further?

Thanks,
Bob Corgan

[HomeGuru]

Originally Posted by bcorgan

What is the name of your state? IL
Hi all,
Great site here....lots of info, and it appears that there is lots of useful advice.

Here is my situation...
I live in Illinois & selling a townhome which is currently under contract. They buyer chose to not hire a professional home inspector and instead chose to do a walk through as husband/wife (They came back with a few small things).

Since before we even put the place on the market, we submitted a request to our HOA stating that there were a few cosmetic things that we wanted taken care of. They came out to fix them after the contract was signed & walk through was completed, and one of the items showed some water damage to an outside piece of wood based upon some poor sealing.

The contractors hired by the HOA repaired what needed to be repaired, and all looks good.

After that long winded intro, here is my question.
Illinois disclosure forms state, and this was after an amendment to the original form in 1997, "These disclosures are intended to reflect the current condition of the premises and do not include previouls problems, if any, that the sller reasonalbly believes have been correct".
Given the fact that the contractor/HOA has stated that all is now good, and that the problem does appear to be all good, am I OK? Can the buyer come back at my at some point down the road if there ends up being an issue that the contractor/HOA did not find?
I'm not a home inspector, and I'm not going to go out and try to find problems with the place. The entire outside of the building is the responsibility of the HOA, so if they say it is OK and it is resolved, do I need to pursue this any further?

Thanks,
Bob Corgan

**A: to fully protect yourself, you should have disclosed the past problem and provided the HOA confirmation that such problem was fixed.