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Concerns about buying a house that has been flooded

Hi everyone I am a first time home buyer and i was looking for some advice on my situation. We have put in an offer on a short sale that we are really in love with. We just found out that the house has been flooded twice before and the seller never disclosed that. We are really interested in the house but we don't know if it is a good idea now. We were also now told by our agent that another couple will be putting an offer tomorrow and we have to decide if it is worth it for us to put a higher offer now.
  • December 12 2012 - Town of Oneonta
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Answers (4)

Profile picture for Ofe Polack
If the seller is still occupying the property and has not disclosed the flood, I would walk out. What else has he not discloed?  However if the property disclosure does not have anything written in it, like banks usually do, then investigate what caused the flood and how was the property treated after that flood.  Mold would be a serious issue.  Even if you proceed with the sale make it contingent upon mold inspection. 
  • December 12 2012
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How was it flooded? Rising water, broken water pipe or sewer line back up? Ron
  • December 12 2012
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Also, if it flooded twice, there is probably a good chance that it will again. You really have to decide if you are willing to cope with that.
  • December 12 2012
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Wow, that's really scary. The bigger concern is what else may have happened that they did not disclose. At the very least, you want to have a very thorough inspection including a mold specialist and electrician.
  • December 12 2012
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