Additional disclosure after signing of the contract and before closing

K

kick99

New Member
We signed a contract on a two-family building in St. Louis. After the signing point and before our closing date, the seller declared a leak over the porch that had come about during recent rainstorms, saying that he previously had it repaired it, but it had been dry until now (not specifying how long).
He refuses to fix the leak: we have estimates on repairing it that range from 200 to 1200 dollars - with the contractor of the highest estimate stating that he could uncover other problems during the process.
My question is: if we decide to back out of the contract, will we receive a refund of the earnest money, the appraisal and home inspection? It totals about 2000 dollars for all three items.
Seems oddly convenient for him to declare this after we signed the contract and have already invested money in the ownership preparations
 
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