Yeah, that’s a trap. We signed a letter of intent on one place and had an inspector run through it before we committed to an offer - it’s fortunate that we did too, there was serious water damage to the house that the owners were trying not to disclose.
The shit thing about the market for a couple of years is that properties were marked up by 40-50% over about 5y and many of them had next to no work done, or they got the Lowe’s sale flipper special and looked terrible after.
I was looking during that rush, and did my own inspections. Every single place, I asked questions that resulted in a “NEXT!” from the seller. Never even got to the point where I’d have called in an outside party.
Ended up buying a new build instead; still had things the inspectors missed, but nothing huge.
seaQueue@lemmy.world 1 month ago
Yeah, that’s a trap. We signed a letter of intent on one place and had an inspector run through it before we committed to an offer - it’s fortunate that we did too, there was serious water damage to the house that the owners were trying not to disclose.
The shit thing about the market for a couple of years is that properties were marked up by 40-50% over about 5y and many of them had next to no work done, or they got the Lowe’s sale flipper special and looked terrible after.
adespoton@lemmy.ca 1 month ago
I was looking during that rush, and did my own inspections. Every single place, I asked questions that resulted in a “NEXT!” from the seller. Never even got to the point where I’d have called in an outside party.
Ended up buying a new build instead; still had things the inspectors missed, but nothing huge.