With all the media hype and the DIY and HGTV shows, everyone can flip homes and make boo coo bucks! I was a flipper before they were called flippers in the 80's. But we had ethics, fix it paint it flooring but really address the deficits for the new buyer. Today what I see is your basic lipstick on a pig flippers. A Home Inspection is so important but it won't tell you if this tract of homes was in litigation for sub workmanship.
My VA buyers found a great home that was in their price range. After the home inspection the
re were some odd issues. In the master bath one sink the plumbing was not connected. Yesterday when we reviewed the sellers disclosures there was no mention of it, but a repair to the master bath Tub was noted and new dry wall was put up. Red flag mold mold mold and no pictures or explanations. The seller is a licensed contractor. The list agent is an attorney/broker and the son of the seller. But of course who would be named in litigation after the sale, you guessed it, me. This whole deal reeks of legal liability.
The seller after receiving our request for repairs notified me no repairs will be completed, unless required in writing by the buyers lender. I hate to break my buyers hearts but the liability of repairs above their means is something I would hate to saddle them with. If the tub leaks again the magnitude and responsibility of mold now safely (?) sealed up could prove lengthy clean up and very expensive.
This flipper is a loser. And this flip is a FLOP! Buyers beware! The termite repairs are $3500+ he's waiting for the lender to require clearance. Argh
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