failure to disclose prior water damage

[rem314]

What is the name of your state? NC

I purchased a home 6 months ago. It was built in 2003. I just found out from a neighbor that the previous owner had the kitchen ceiling crash down from a leak in the upstairs bathroom. This was not disclosed and I would have never purchased a home with prior water damage. I've put over $20k into thie home doing upgrades and now I want out. What can I do? Interest rates are a lot higher now than they were in January, and I could have purchased a different home, had I known about the prior damage.

 

[PghREA]

What is the name of your state? NC

I purchased a home 6 months ago. It was built in 2003. I just found out from a neighbor that the previous owner had the kitchen ceiling crash down from a leak in the upstairs bathroom. This was not disclosed and I would have never purchased a home with prior water damage. I've put over $20k into thie home doing upgrades and now I want out. What can I do? Interest rates are a lot higher now than they were in January, and I could have purchased a different home, had I known about the prior damage.

Did the neighbor show you pictures of the extensive damage that he claimed happen?
Are you even sure that it did happen?

Leaks and damage from leaks is a common occurrence and generally very easy to fix. When the problem IS fixed and the property restored to its original condition, it IS considered fixed.

FYI: I moved into a brand new home. One of the workers doing trim work in the master bathroom nailed through a water pipe which caused a major leak a later time. The water that was leaking from the hole stayed in the ceiling area until the ceiling finally came down onto the floor below. The builder fixed the pipe, the ceiling, and reinstalled carpeting.
I have been in that home for 30 years and through several renovations and I'm here to tell you that water that leaks through a ceiling can be fixed and the house will still be structurally sound.

 

[John Se]

????

What is the name of your state? NC

This was not disclosed and I would have never purchased a home with prior water damage.

Why? was the damage not repaired?