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Hi All,
I’m about to go into K on a brownstone that I love. The inspection went fairly well. There were some fairly small issues that needed to be addressed and the seller agreed to them all.
The inspector’s main concern was with the roof and he warned me that he thought it was a bit unusual that the seller had placed sheetrock in the basement. He said they either did it for cosmetic reasons or to hide something. The bank did an appraisal this am. I decided to show up to see what kind of issues the house has after a heavy rain. I found several leaks in the basement:
1. The first one was in the front of the basement and after some investigation I found there was an unsealed trap door in the front year.
2. the 2nd leak I identified was in the back of the basement and it seemed to be seeping in from an uncapped pipe in the backyard. In addition there was noticeable mold on the wall and a part of the ceiling were this leak was. I’m very concerned. I last looked at the property last Friday and there was no sign of dampness or mold..so it has appeared over the last 3 days.
I immediately contacted my attorney. She advised me that she had just sent the contract to the seller’s attorney and she would contact them to tell them to hold off. She also advised me to get a mold expert in their right away for further inspection. in the meantime the sellers have called me 3 times today asking about the contract and telling my they have another deal in the works.
I love this house but I don’t want to inherit any problems with mold or water damage..especially since i feel they tried to cover it up. ANY advice on how i should proceed.
Its a 2-family house in bedstuy going for $520k….