Ok guys here is the situation:
Commercial property Sold ( 4plex) to an investor Sale price $125,000
Real Estate Agent in the middle of this and has both sides of the transaction ( represents the seller and the buyer)
After closing on the property buyer finds a heavy leak in the wall of one of the units and from talking to tenants finds out that seller was aware of the issue and made an attempt to fix it and he though it was fixed but the issues is still there and was not disclosed to the buyer during sale.
Another issue is that utility costs on this property are $120 higher per month( 1400 more per year) than sellers indication to the agent and agent has past this info to the buyer during sale.
Question: As an agent: how does he resolve this issue ? As a buyer: does he sue the seller or the agent if comes to that?
Commercial property Sold ( 4plex) to an investor Sale price $125,000
Real Estate Agent in the middle of this and has both sides of the transaction ( represents the seller and the buyer)
After closing on the property buyer finds a heavy leak in the wall of one of the units and from talking to tenants finds out that seller was aware of the issue and made an attempt to fix it and he though it was fixed but the issues is still there and was not disclosed to the buyer during sale.
Another issue is that utility costs on this property are $120 higher per month( 1400 more per year) than sellers indication to the agent and agent has past this info to the buyer during sale.
Question: As an agent: how does he resolve this issue ? As a buyer: does he sue the seller or the agent if comes to that?
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