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Updated over 6 years ago,

User Stats

244
Posts
120
Votes
Tom R.
  • Investor
  • Ridgecrest, CA
120
Votes |
244
Posts

seller dies after I completed +$1k of repairs

Tom R.
  • Investor
  • Ridgecrest, CA
Posted

Ive been working a deal on a FSBO for months. I was purchasing a house in need of repairs for $10k under appraisal value. Most houses in the area are going for over appraisal. The underwriter requested several costly repairs be done before closing and the seller and I agreed to share the costs of some of the repairs and I would repair the eaves and the water damaged drywall myself. On Sunday I finished my repairs and yesterday had the final inspections. Then yesterday evening my realtor informed me that the seller died and there was no will or trust. I haven't tallied all my expenses but Ive got over $1500 and probably more than 100 hours of labor into this.

I could try to place a lean on the house but Im not sure its worth my time. I want to say I learned something but Im not sure what that lesson is at this time.

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