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Updated over 7 years ago,

Account Closed
  • Investor
  • Ohio
4
Votes |
5
Posts

Pest & Home Inspection Results on SFR

Account Closed
  • Investor
  • Ohio
Posted

I have an interesting story for everyone here on BP. I found a home that I was going to close on this month and I just got back the pest and home inspection report. The current owner did a rehab and when I did the walk through with my agent it looked immaculate and the seller's disclosure form looked great with no defects. I recently received the pest & home inspection report and there is faulty grades and the beams supporting floor joists are sagging in between pier blocks with cellulose debris to be removed(major foundation issue), no attic access, door bell didn't work, no ventilation in crawl space, leaking drain line underneath tub, faucet leaks, 2 drawer fronts are broken at bottom of closet, bathroom closet won't latch closed, door in between living room and front porch wouldn't open (I assume this is why the agent had the lock box house key on the back door and used only the back door for showings), most all windows wouldn't open (painted closed during rehab) and missing screens, electrical for entire home was only 100 amps instead of the standard 120/220 or 200/220 (assumed this is why all major appliances were unplugged). None of the defects were on the seller's real property disclosure form and seller wants buyer to pay for any inspections and repair costs. Seller said they never lived in the property and was used as a rental/investment property, I now would have to assume the seller had knowledge about most or at least some defects that they did not disclose in the seller's disclosure form. From experience when I have tenants they will complain about the slightest defect for me to come in to fix or I would find out the defects myself when I do my quarterly walk through inspections to make sure my tenants are properly taking care of my property. Even my loan officer was very hesitant to send the pest & home inspection/paperwork to the underwriter in fear of it being declined. Now it is time for me to abort mission and take my earnest deposit back due to a major flaw and unreported defects not in the seller's disclosure form and journey onto the next home. Hope this helps anyone on BP about the reasons to always perform proper home inspections and to do your own due diligence prior to closing!

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