Hey everyone! I reached out yesterday about a house we're considering buying that has water seepage issues noted in the disclosure form. Our realtor got some answers from the sellers, and I wanted to share the details and get your thoughts on it. We're looking at a house in northern Massachusetts listed at $875k, which has now dropped to $840k after 20 days on the market and hasn't been under contract before.
There are two sump pumps in the basement, but the flooring seems okay and smelled fine when we checked it out. The basement, however, has never been finished.
We asked the sellers about the disclosure, and they clarified that while the yard doesn't flood, they do see water seeping in during heavy rain after days of downpour. They haven't had water in the last 6-7 years as long as the pumps are working. The pumps were installed recently, and there's no reported history of water damage besides having the pumps for prevention.
Given all this, what do you think? Should we still think about putting in an offer, or is it better to pass on this one? We're not in a rush since we currently have a home but want to make the best choice. Any additional questions we should ask?
5 Answers
Was any work done to prevent water outside? You might need a lot of expensive fixes if you're planning on finishing the basement, like proper grading and drainage systems. Make sure nothing's painted over on the walls that could hide issues. Just a word of advice, I would steer clear if I were you!
Honestly, I'd just walk away from this whole situation. Water issues can be a nightmare.
Honestly, I’d be really cautious here. I ignored a minor water issue once, and I regretted it deeply. I’d recommend walking away from this one, especially if water issues make you anxious.
Think about how you'll use the basement. If you want it finished, dealing with potential water issues can be a constant headache. It's not just the upfront costs; the stress during rainy days is real! You might want to consider if you really want to take on that risk.
Based on what you shared, it sounds like the sellers have faced water issues recently, which is why the sump pumps and work on the roof were done. I'd definitely err on the side of caution and consider passing on this house.
Thanks for sharing! What did you learn from your experience that's been the most helpful?