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Pro tip: The inspection contingency saved my butt on a 1950s house
Put an offer on a cute bungalow in Denver last month, looked perfect in photos but the inspection found knob-and-tube wiring hidden behind new drywall and a foundation crack they'd painted over. That walk-away clause meant I got my $3,000 earnest money back after 10 days, and the seller had to disclose it to the next buyer. Has anyone else had an inspection reveal something way worse than you expected?
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knight.uma5d ago
Inspections find what sellers hide, plain and simple.
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the_cameron5d ago
Plain and simple" huh? I once bought a house and the inspection missed that the previous owner had caulked a leaky pipe with what I swear was just chewed gum. The inspector was all confident until the pipe started dripping on my basement floor a week later. So yeah, inspections can find stuff, but sometimes they just find the stuff that's not hidden very well, and I've been the sucker who paid for that lesson.
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kimr915d ago
That gum story reminds me of when we had a plumber out for a backed up sink. He took one look and said the previous owner had used what looked like spackle to patch a crack in the PVC pipe under the kitchen sink. It held for maybe two years before it crumbled apart and we had water all over the linoleum. Made me wonder what other little patches were hiding behind walls or under floors.
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