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this post was submitted on 18 May 2024
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No Stupid Questions
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No such thing. Ask away!
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The housing market was silly for awhile. Lots of homes basically had a clause of "If inspection done, no sale"
Yeah, that's a trap. We signed a letter of intent on one place and had an inspector run through it before we committed to an offer - it's fortunate that we did too, there was serious water damage to the house that the owners were trying not to disclose.
The shit thing about the market for a couple of years is that properties were marked up by 40-50% over about 5y and many of them had next to no work done, or they got the Lowe's sale flipper special and looked terrible after.
I was looking during that rush, and did my own inspections. Every single place, I asked questions that resulted in a “NEXT!” from the seller. Never even got to the point where I’d have called in an outside party. Looked at around 30 houses.
Ended up buying a new build instead; still had things the inspectors missed, but nothing huge.