Must-do’s when buying real estate ‘as is’

Future-Proof: Navigate Threats, Seize Opportunities at ICNY 2018 | Jan 22-26 at the Marriott Marquis, Times Square, New York

DEAR BARRY: The house we just bought has problems that were missed or minimized by our home inspector. The main one involves the toilet, which he reported as loosely attached to the floor. He said this was not a major problem, but that it should be checked. We bought the house "as-is," but have now learned that there is a major leak in the toilet drainpipe. The plumber quoted $900 for the repair. We relied on our inspector, but now believe he was dishonest. Maybe he sought a payback from the Realtor to help close the deal. Is this possible? --Edward DEAR EDWARD: Although "payback" relationships of one kind or another may exist among some agents and inspectors, such occurrences are very rare. I would hesitate to make that kind of assumption without convincing evidence of some kind. In most cases, home inspection mistakes are unintentional. When home inspectors fail to report defects, the most common causes are human error, professional negligence, or l...