You read the MLS and it says "REMODELED". It has an amazing price and you call your buyers who get excited and head over to meet you before anyone else has a chance to put an offer in. Now, things get exciting. The house looks amazing, so you put in an offer, it gets accepted and then you order the inspection.
It turns out that remodel was only cosmetic! As the inspector is climbing in and around the kitchen, and the attic above the kitchen, he finds beams burnt through that weren't replaced, and cabinets that still have water damage from the fire department on them. It looks like this family took the insurance money and only covered the damage and kept the rest of the money!
No where does it mention in the disclosures that there has been a fire, heck there is no place to put something like that in the disclosures. But, calling a place remodeled because you tried to burn it down just doesn't cut it for my buyers and me. I think you will find yourself in court so they can get their money back for the inspection that you were wrong not have disclosed this upfront!
Please, if you know something about a house, it is better to disclose it up front than let the buyer find out later and have to take you to court for not disclosing it.
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