house.
Big mistake! The problems they had noticed went much deeper. The bouncy bathroom floor had been wet under the vinyl and about three inches up two of the walls. The flickering light switches were warning them of the outdated wiring which had to be replaced. In the end, their $10,000 savings only helped to give them a bit of consolation when they paid $47,000 for all of the remodeling! In another case, when Lisa purchased her Los Angeles bungalow without an inspection, she was captivated by the stunning staging and the promise of a quick, hassle-free close. The seller’s agent assured her everything was in “great condition,” and in her eagerness, she overlooked the red flags. It wasn’t until the first rainstorm that the horror revealed itself: water poured through the roof and pooled in the living room, ruining her new furniture. Investigating further, she discovered extensive termite damage hidden beneath freshly painted walls and floors that sagged dangerously underfoot. The plumbing, supposedly “upgraded,” backed up repeatedly, leaving her with massive repair bills and an overwhelming sense of regret for trusting appearances. Her dream home had become a money pit—and an inescapable nightmare. The moral of these stories is to have a good inspection. These buyers were attracted by a price. They didn’t have a proper inspection of the home before purchasing. It seems the real issue was the agent who cared more about selling the home than his clients.
HOME-BUYER PLAGUES
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