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David Nebenzahl

spake thus:

How is it a "problem" if everything is code compliant? Yes, he should

tell prospective buyers that the house is wired with K&T so they aren't
surprised but that would not fall under the category of disclosing a
fault. UNLESS - of course - the receptacles are grounding type and are
not really grounded. that would be a violation that ought to be disclosed.

The OP reported the following which NOW must be told to any and all
perspective buyers as part of every states disclosure law. failure to
disclose this leavesthe seller at lawsuit risk and it will be hard to
find any buyer to purchase a home requiring complete rewire, ulnless
the new buyer happens to say be a electrician

First of all, the word is "prospective". And what makes you so sure that
the (prospective) seller *must* disclose it? The report came from an
electrician hired by a prospective buyer: are you a real estate lawyer,
and can therefore tell us that this makes disclosure mandatory? I'm not,
and I can't.

Not that he shouldn't, of course; besides which, no buyer in their right
mind should buy the house before determining the type and condition of
wiring in the house.

In any case, it's far from a show-stopper for selling the house. Lots of
old houses have old wiring that should be, or has to be, replaced, and
buyers are (or should be) aware of this. It all comes down to figuring
it into the selling price.

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