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What to do if you bought a house with latent defects.

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What to do if you bought a house with latent defects.

When you buy a property, you buy any latent defects. This is why it's important to properly inspect a property before making an offer to purchase.

TAKE NOTE:

  • When investing in property, especially if it's your first time, be aware of what problems could surface and what to do if one does.
  • Buyers must know their rights and what the risks are when it comes to buying a house with latent defects.
  • Latent defects can be a risk and you may not have a claim against your seller, unless your seller hid the defects.
  • Take the precaution of hiring a home inspection service to confirm you are not buying a house with defects.
  • If you are a buyer whose seller hid a defect, you can make a claim against the seller within three years from when you discover the hidden defect.

Author: Frans Van Staden

Submitted 23 Feb 21 / Views 1096