Imagine that, after saving money for many years, you finally buy a home for you and your family. Under New York Law, a law known as the statute of limitations sets a strict deadline within which you must file your claim in court. The home seller could potentially be liable for undisclosed problems under the following two situations: 1) If the seller gave the buyer some sort of warranty or guaranty. 15 September 2015 at 12:04PM edited 30 November -1 at 12:00AM in House Buying, Renting & Selling Hello everyone, I'm after some advice regarding my situation. What do you do? The sale closes, and your family moves into the home. If you have discovered problems with your house after closing, you must act quickly because the seller’s liability is limited by time. We recently sold our house in October 2014 and the buyers experienced a roof leak about a month after closing. We replaced the roof right after moving in about 7 years ago. Buying a house is a series of negotiations — everything from the final selling price to home repairs and closing costs. Keep in mind, the process for removing them from the property is exactly the same as a landlord evicting a tenant. Of course, attorneys don't come cheap, and if you have the money to go to court to try and force the seller to make repairs or amends in some other way, you probably have the income to fix your house. You perform your due diligence and negotiate a price, then finally sign the sales contract with the seller. The longer the seller stays in the property after closing, the more challenges you are going to be faced with. 2) if the seller committed fraud. We did NOT have any issues with leaks prior to selling the home. Are the sellers always out at the time of closing in your market? The seller does not disclose that there any major defects with the home. This is because the seller will have cancelled their insurance policy on the closing date and the buyer’s policy will probably not cover a damage that occurred before the policy was in force. Completion finally happened on my ground floor flat in west London, after 6 months! You relied on the lies or nondisclosures. You want to be able to get the best deal every step of the way. We think the buyers may try to sue us to replace their roof. How long you have to move after closing on the sale of your house depends on the terms you negotiate with the buyer. A walk through is very important but we sometimes have to concede and let the seller have a few days possesion after closing. That deadline is generally six years for breach of contract and fraud claims. There are a number of ways a buyer can protect himself or herself from serious defects, both before and after the closing. If the seller it would be liable under the terms of that document, to whatever extent (e.g up to whatever dollar amount) it specified. Do they have a case? So you’ve found the perfect house, negotiated over the price, dealt with the bank, and finally closed. If, for example, you took the seller's word that a remodel job was up to code in deciding to buy or in setting your price, you acted in reliance. The responsible party might have been the seller, the seller's agent, or the inspector, as explained above. Now you discovered that you have a major issue with the house/lot that the seller never disclosed. The Normal Time to Move After Closing on a House. I think a walk through is still important but damage created by the seller or movers is still an issue for buyers to be concerned about. This one's usually easy. If you're a home buyer and the home inspection revealed problems, your knowledgable realtor can help you decide if a seller's credit is the right option. 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