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[ZL1#17]

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If you buy a home,dont hire an inspection company before the closing, and dont know what to look for yourself,you can only blame yourself when theres a foot of water in your basement after the first big rain. And you certainly cant blame the realtor. I think the problem is everytime there is a niche where money can be made,there will be people that want to get involved without the precise knowledge of what they are doing,thinking they have to act fast to get a "deal",hoping thier insurance policy for thier lack of education and expertise is litigation. If a buyer is continually lied to in writing regarding a sale ,well thats another story.


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In the state of NC, it's called disclosure. A seller must disclose any defects in their property before it can be listed in the MLS. There is a form that the seller MUST fill out before the property can be listed, The form has a series of questions such as: "does the basement flood" Here is a link to the form if anyone is interested Property Disclosure Form
And yes, I would ALWAYS get a home inspection before closing but a disclosure statement prevents a lot of unknowns, and costly mistakes.

WHY DON'T THE AUCTION HOUSES HAVE A DISCLOSURE FORM? To say it's the buyer's sole responsibility is absurd.