As of 2016 the Ontario Real Estate Council OREA along with Real Estate Council of Ontario RECO made much needed changes to Seller Property Information Statement SPIS Forms. The problem with Kitec plumbing is as you suspect the fittings will leak.
Kitec Plumbing A Deal Breaker
Since Kitec plumbing is known to be defective and the manufacturer recalled it having such a system in your home can certainly be considered a material defect.
Selling a home with kitec. When youre selling your home you have a duty to disclose any material defects. It was used in new home construction and in renovations of some existing homes as a piping system for carrying water throughout the house and for supplying water to radiant heating systems for both the home and for flooring and heated towel racks. There is a wide range of possibilities when it comes to problems with Kitec plumbing in Ontario so only a professional plumber will be able to give you an exact cost for replacing it.
Failure to disclose the existence of Kitec could result in a legal proceeding against you should the buyer not be made aware of its existence when buying your home. Kitec piping was sold and used between 1995 and 2007. The issue is generally brought to their attention by a.
Most offers will include a clause for Status Certificate review and most buildings that have Kitec will disclose it in the Status. Do you have to disclose kitec plumbing when selling a condo or home. KITEC is a brand of water supply pipe and brass fitting which was manufactured by Canadian pipe manufacturer IPEX.
Kitec Plumbing has quickly been pushed into the trigger word category in real estate having the potential to be a deal breaker. The existence of the Kitec should definitely be disclosed either on a Seller Property Information Sheet if you and your real estate agent are using one as part of the general disclosure obligation on the part of sellers that extends to any potential buyers. Kitec piping was sold and used between 1995 and 2007.
If your home is one of those identified as having Kitec plumbing this should have been disclosed to you unless the repairs had already been made. Of course if your Seller was unaware of the problem and had not had any problems with the plumbing then there might not have been anything to disclose. Current list of trigger words include.
This resulted in a large class action lawsuit against the manufacture which concluded in 2011. AoeDean was an excellent agent sold my property within 6 days over asking. As the buyer be aware of it and its existence or removal.
Although you are not legally obligated to disclose the presence of Kitec plumbing disclosing upfront will prevent. Now whats interesting is that Kitec starts with PEX which is cross-linked polyethylene which by itself and as installed today is actually an excellent plumbing pipe with fittings that dont leak. Kitec plumbing replacement costs vary depending on the size of the home but you can generally expect to spend upwards of 2000 in repairs.
Most people discover that Kitec plumbing is in their house when they are either buying or selling their home. Some sellers wont want to disclose it because of the stigma that itll cost money to fix. Kitec was recalled in 2005 due to a tendency to fail at an accelerated rate.
If you are buying a home or condo built between 1995 and 2007 it may have Kitec plumbing. If your home contains Kitec and you decide to sell without replacing it first then here is what you should know. This is because youre hiding the issue.
Sellers have a duty to disclose material defects whether latent or patent and the existence of Kitec in your home may be considered a defect. If you have not heard about KITEC yet you probably will sooner than later. But the Kitec system has definitely had a history of leaking.
By Rick Hartmann Home Inspection Plus Inc. Most agents and house inspectors and many buyers are aware of Kitec. UFFI Fuses Aluminum wiring Knob Tube wiring asbestos lead or galvanized pipes and mould.
Selling Your Home with Kitec. If your home contains Kitec and you decide to sell without replacing it first then here is what you should know. Kitec Plumbing Home Resale Value There is a large cost to getting ones piping redone in their home which has had a negative side effect on the resale value of homes with Kitec piping.
The existence of the Kitec should be disclosed either on a Seller Property Information Sheet if y ou and your real estate ag ent are using one or merely as part of the general disclosure obligation on the part of sellers that. As a seller not disclosing Kitec can lead to a legal issue between you and your buyer whether a leak occurs or not. For sellers you should disclose this to potential buyer prior to them preparing an offer.
If you are planning on selling your home and have a Kitec System you should consult with a real estate lawyer in this regard. The cost to remove the Kitec varies from home to home but on average a small to medium sized home will cost between 5000 and 6000 and a large executive home could cost up to or over 10000 depending on the individual system. If you have filed a Claim Form you must advise potential buyers andor subsequent owners that you have filed a claim and the terms of the release as disclosed in the Agreement.
It was widely believed that Kitec was corrosion resistant but problems started to. It was used in new home construction and in renovations of some existing homes as a piping system for carrying water throughout the house and for supplying water to radiant heating systems for both the home and for flooring and heated towel racks. Once we made the seller aware of the problem they researched the issues with Kitec had the plumbing evaluated by a qualified plumber and finally agreed to totally.
Accordingly you should absolutely disclose Kitec plumbing when youre selling your home. In this situation the home seller was not even aware of the issues with their plumbing system and their inexperienced Realtor did not pick up on the issue at the time of listing. Home buyers and sellers have become aware of these but with Kitec most of the victims of misinformation are condo.
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