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 To buy or not to buy this condo, discovered leak and moldy wall

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TSN33d
post Dec 19 2018, 08:31 PM, updated 7y ago

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I just viewed a 2 yrs old original, unfurnished new condo unit

nego the price with the owner until slightly under market price and decided to view the unit

everything is okay until the owner accidentally talked about new paint. That is when I started to smell something is fishy
So i started to look carefully at every corner and then discovered that a corner of the bedroom ceiling and wall is moldy. An obvious sign of water leaking from the unit above for sometime dy
I was very disappointed.. sad.gif

After some discussion with my wife, we both now 50-50 whether to take the risk
we have nego to slightly below market price and owner promised to rectify the issue before selling to us

on the other hand
We afraid that the unit is a 'lemon' unit( he did mentioned some leakage already fixed, just the current one popped out recently) and the owner wanna let go asap. More surprises are waiting for us once we move in. Forsee more headache and money, time wasted to fix this
and we do not trust the owner's word
Over warranty period according to the developer but owner insist still under warranty till Jan (such a coincidence huh?)

so I would like to seek advice on whether worth to take the risk due to below market price or just let it go?
oxm8
post Dec 19 2018, 08:34 PM

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QUOTE(N33d @ Dec 19 2018, 08:31 PM)
I just viewed a 2 yrs old original, unfurnished new condo unit

nego the price with the owner until slightly under market price and decided to view the unit

everything is okay until the owner accidentally talked about new paint.  That is when I started to smell something is fishy
So i started to look carefully at every corner and then discovered that a corner of the bedroom ceiling and wall is moldy. An obvious sign of water leaking from the unit above for sometime dy
I was very disappointed.. sad.gif

After some discussion with my wife, we both now 50-50 whether to take the risk
we have nego to slightly below market price and owner promised to rectify the issue before selling to us

on the other hand
We afraid that the unit is a 'lemon' unit( he did mentioned some leakage already fixed, just the current one popped out recently) and the owner wanna let go asap. More surprises are waiting for us once we move in. Forsee more headache and money, time wasted to fix this
and we do not trust the owner's word
Over warranty period according to the developer but owner insist still under warranty till Jan (such a coincidence huh?)

so I would like to seek advice on whether worth to take the risk due to below market price or just let it go?
*
my pov
1. call the developer to confirm on warranty period.
2. go and check upstair unit. vacant or occupied? they need to fix it...
jimmyng
post Dec 25 2018, 03:50 PM

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From: Negeri Sembilan


QUOTE(N33d @ Dec 19 2018, 08:31 PM)

After some discussion with my wife, we both now 50-50 whether to take the risk
we have nego to slightly below market price and owner promised to rectify the issue before selling to us

*
my advise..never trust anyone.
Do your due diligence and get information from the developer.
CyrusC
post May 9 2019, 12:38 AM

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Nego a better price or skip this property.
moonsatelite
post May 9 2019, 12:44 AM

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An example that we can follow from the Americans, once ANY mold is spotted, RUN!

If that mold spreads and you bought the house, it will be unlivable.
SUSDaylight2018
post May 9 2019, 12:53 AM

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Mold = Lung infection

kimzee
post May 9 2019, 10:00 AM

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My advise is to skip this property. Water problem from upstairs is a constant headache for condo dwellers. If you really want to stay at this project find another unit. There should be more bargains if you care to take the time to wait around.
TSN33d
post May 13 2019, 04:35 PM

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We decided to gave up that property.
I had asthma during my younger days and I wouldn't want to risk it. Some more that's not the first time the leak happened. It's just like a time bomb

But the seller keep on using scare tactic like got buyer see this weekend, etc. Seems like he is desperate

 

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