I discover i make the worst choice and I paid too much for the house everything is old and is falling apart the basement is flooding what can i do ?
It depends. In Ohio, most sellers are required to complete a Residential Property Disclosure Form and disclose known material defects in the property. There are exceptions to this requirement, such as sellers who never lived in the property they are selling. If you did not have inspections performed, your contract probably says you purchased the property "as is." However, if the sellers were required to provide a Residential Property Disclosure Form and did not disclose known material defects, you may have a case against them. Knowledge of the defect(s) on the part of the sellers can be very difficult to prove. Neighbors are oftentimes the best (and only) people who may have information about whether the sellers ever talked to them about defects, which is evidence of knowledge. However, broaching the subject with your new neighbors is a task that requires delicacy. I suggest you speak with an attorney in your area who is experienced and knowledgeable regarding residential real estate transactions to review your contract and assess the strength of your position.
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