A year ago a neighbor's CYV sprung a water leak in their slab while they were away for three months. How long it was leaking, no one knows but their was a lot of damage. The home was a year and a half old and to the credit of the builder, they came in and repaired everything to original. They gutted the entire master bedroom and bath, jack-hammered the slab, fixed the leak, filled everything back, put in a new vanity, drywall, carpet, tile, paint, it was a 3 week job.
The owners felt very leery about keeping the home, worried about the water damage maybe causing a ground collapse in the future. They listed the home with TV realty, which made no mention of the water leak or repair. The home sold in a couple of weeks and the new owners found out about the problem from another neighbor the day they arrived. They immediately contacted a lawyer to see about getting out of the deal. TV realty told them, that since the warranty department fixed the problem, it didn't need to be reported in the listing. Those people put the home back on the market and resold it without telling the next buyer. So in the future, if you're buying a resale, it's good to ask all kinds of questions.
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