flipping houses: Why Flipping Homes Can Carry Strong Liability...
- 04/07/08 11:33 PM
Q&A: Complying with statutory warranties on remodeled homes I occasionally buy older homes that need a lot of work. I remodel the homes and sell them for a profit. I heard that the Legislature made some changes that place the responsibility of complying with the statutory warranties concerning new homes on me. Is this true? People who buy homes, remodel them by making a material improvement, and don't live there for at least one year following the completion of the remodel are responsible for the statutory warranties for the remodeling work in the same way a builder or remodeler is responsible for … (10 comments)
I am a full-time real estate broker who specializes in investment real estate. I service the communities of Round Rock, Georgetown, Cedar Park & Pflugerville, Texas. When it comes to Round Rock Real Estate, make sure you talk to me or my team!
Q&A: Complying with statutory warranties on remodeled homes I occasionally buy older homes that need a lot of work. I remodel the homes and sell them for a profit. I heard that the Legislature made some changes that place the responsibility of complying with the statutory warranties concerning new homes on me. Is this true?
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