PotentialBuyer
Junior Member
North Carolina
My husband and I are under contract on a home in NC. Our contract states that we can break the deal should the inspection reveal repairs in excess of $3,000.
The repairs needed are not extensive. However, the inspection revealed that the plumbing in the home is polybutylene piping and that the system has required repair in the past. THE OWNER DID NOT DISCLOSE THIS FACT ON THE NC DISCLOSURE SHEET.
Our current, highly-rated insurance agency won't cover the home without at least the plumbing fittings being replaced with copper fittings. Less reputable agencies will cover the home as is.
We do not want to own a home with PB piping that has clearly needed repair in the past. We do not want to switch to a less stringent insurance company.
Was the seller required to disclose the presence of PB piping that has required repair? Are we obligated to buy the home despite her failure to disclose?
My husband and I are under contract on a home in NC. Our contract states that we can break the deal should the inspection reveal repairs in excess of $3,000.
The repairs needed are not extensive. However, the inspection revealed that the plumbing in the home is polybutylene piping and that the system has required repair in the past. THE OWNER DID NOT DISCLOSE THIS FACT ON THE NC DISCLOSURE SHEET.
Our current, highly-rated insurance agency won't cover the home without at least the plumbing fittings being replaced with copper fittings. Less reputable agencies will cover the home as is.
We do not want to own a home with PB piping that has clearly needed repair in the past. We do not want to switch to a less stringent insurance company.
Was the seller required to disclose the presence of PB piping that has required repair? Are we obligated to buy the home despite her failure to disclose?