They may be concealing defects.3.

Which is another reason we say that money is made "when you buy," not when you rehab or sell.That said, to maximize your appraisal, ensure that the property is in at least as good of condition as the competition, no major defects, passes basic inspection, etc.

Some clogged drains come from solids lodging on pipe defects like off set joints, roots, or bellies in the line.

Where as if you own a small SFR in one of the emerging areas around the urban core you could easily see the value and rents double in 5 years. 4) Condo construction - the Colorado construction defects laws have scared insurance companies for builders and for a period of time it was impossible to get builders risk insurance for condos being constructed for sale.

Just remember that the more defects in the cabinets, the less gloss you want.

DEFECTS: Seller warrants subject property to be free from hazardous substances and from violation of any zoning, environmental, building, health or other governmental codes or ordinances.

Obviously, that can happen to any pipe and is more of a user error than a manufacturing defect. 

If that's the case, run, because even if there's a title defect; the courts have determined non-refundable means just that.

Sold it as is, with the defects, and walked away. 

I've written numerous times here that Tax Sales are the most hazardous method of buying real estate.No home inspectionsMost times can't see insideNo Sellers Disclosure, so sellers let go of property that they can't sell otherwise, think toxic waste sitesNo do overNo home warrantyNo financing they require 100% cash at time of sale.From the initial list 30 days before they sale, my experience is that 90% pay the taxes, sometimes the minimum to get their property off the Tax Sale list.Some of the owners are deceasedSome of the properties have title defects preventing re-selling and financing until curedMany of the sales transfer other mortgages, liens to the new owner.I've seen tax sale properties with multi-million Federal Tax Liens NOT wiped out by the sale.Some of the properties may be non-existent.