Profile picture for user40603244

DO YOU TELL PEOPLE WHATS WRONG AND HOW IF OWNER HAS JUST LET IT GO

THE PLUMMING LEAKS ,BROKEN PIPES,ELECTRICAL  IS  ILLEAGEL, MOST NOT WORKING ,NO COOLING, NO HEATING,ADD ON  ROOM AND SHED  ALL NEED BROUGHT UP TO CODE .

  • June 19 2013 - Hanford
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Answers (5)

Profile picture for Hanford Lemoore
Most listings have disclosures that are presented at the time of purchase so that you can determine if the home will be a good fit for you.  Even if the home is an REO ( bank owned) you should have had the opportunity to have a home inspection done to uncover any structural or systems problems.  Disclosure is the key to any Real Estate Sale and most sellers are directed to disclose what they KNOW about the house or SHOULD reasonably know about the house and its condition.  Your realtor should be able to direct you on these issues.  Good Luck.
  • June 19 2013
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Profile picture for B Mike West
What does your buyer's agent say?  You are represented by a buyer's agent, RIGHT?  They do so at no direct cost to you, the buyer.  If you don't have one you are more than likely going to have big problems.

If you are talking about a bank owned property you will have to sign documents stating that the bank does not know what is wrong and that they will not be responsible for any problems with the home.  They make the buyer pay for all inspections and if you miss something you are stuck.

Unless you have expert contractors on your team you could end up in big trouble.  You would be much better off to look for another home that is in good condition.  
  • June 19 2013
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I'm not sure exactly what you mean by owner has let it go. In today's market, it could mean let condition go or stop paying mortgage and willing to let it foreclose however my best advice would be to disclose as much possible to the best of your knowledge to any buyer. This way you reduce future liability. Get the highest and best offer. Most buyers are now buying homes in a 'as is' condition..
  • June 19 2013
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Profile picture for user40603244
IM A HONEST PERSON  BUT IF ASK I WILL TELL
  • June 19 2013
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Profile picture for Outer Banks N C
Buy it or move on.
  • June 19 2013
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