three months ago
Three months ago, we put an offer on a house, and then had it inspected, only to find about $30,000 in repairs were needed to bring it up to the value it had been listed at. Now, by law, they have to disclose everything that was found in the inspection, because now they "know" what's wrong with it.
We drive by the house a lot, actually, and have been saying how we wonder what the "price reduced" sign meant. Well, folks, we now have the answer.
Three months and $30,000 in needed repairs = $5,000 less in asking price. I'm sure the repairs were not completed, and I'm sure the inspection results were never disclosed.
Astounding. Seriously astounding.
Comments
What the...so they're betting that another house inspection won't turn up the same problems, even if they don't disclose? Dumb dumb dumb. I can't believe their realtor is going along with that.
Posted by: Dan | December 14, 2007 11:29 AM
Well, we had a really tough structural engineer inspector who crawled through everything he could.
Plus, the realtor seemed more than a bit... off... He also tagged that house, which is in one of the best neighborhoods, as being in one of the worst neighborhoods. Idiot.
Posted by: Giga | December 14, 2007 12:49 PM