In the main, the homes that I have looked at with buyer clients in the past few months have shoddy workmanship and are horribly overpriced.
These flaws are apparently being overlooked by buyers who find themselves in the middle of a market that has very little product. In other words, buyer demand far out reaches seller supply. When it does, it encourages buyers to act imprudently.
That's the reality of the Dallas-Ft. Worth market at this time.
It is often obvious to me that building permits have rarely been pulled, even though they are required by law.
One very expensive home, the product of a flipper, caught fire and burned the very first day it was listed.
It seems to me that whether we are the listing agent or the selling agent, we need to see evidence that the work done was satisfactory -- the licensed inspector does that. We also need to see and have in our files copies of the building permits that show that the work done was, in fact, done to code.
With respect to horribly overpriced homes owned and being marketed for flippers, it is the buyer's agent's ethical responsibility to inform his client, using comps, that it appears he will be paying a premium to buy that home
Keller Williams Dallas Premier
Direct Line: 214 503-8563