E
Erin & Dave
Guest
We reside in Minnesota. One week after closing on our new home, a water pipe directly outside of the home burst. It took us about 3-4 days to figure out what happened. Once the problem was known, we contacted our real estate agent, who then contacted his broker. The broker stated that the old owners should be liable for a minimum of half. Of course, the prior owners do not want to pay and we are going to arbitration. We are only requesting half because the pipe was buried in the ground outside and we feel that they could not have known about it, but on the other hand, we have done no wear and tear on the pipes and feel 1/2 for each party is fair. Legally, is there any backing to our claim? Where should we search to prepare for the arbitration and what should be done in preperation? Any help to lead us down the correct path would be great. One foot note: Not even sure if this is relevant at all, but at the closing, there was a reinspection that needed to be done by prev. owners and we agreed to have it done to be able to close the sale (inspection not about water at all). If we had not, the old owners would still be residing here and would have been responsible for the full amount. Is this an area to we should present to help us?
Many thanks in advance for your assistance!
Many thanks in advance for your assistance!