Skip to main content

Do you see any red flags that I should not make an offer?

House info: Hot market Northern California bay area/ nice & safe neighborhood / great school district 8,9,9/ 70 years old single house.

1) Hall bath: floor makes noise at various areas and are loose.
2) Master bath: floor has cracks, and separations. Tiled shower enclosure walls have separations at various areas. Shower drain is rusted
3) Toilet was not flushing properly and occasionally backing up-inspection found the sewer line was impacted by roots and needed replacement =>Entire sewer line from house to street was replaced in 2017 due to tree root intrusions. No sewer issue since the replacement.
4) Water pipes were replaced with copper in 2015 as recommendation although there was no issue But contractor did not repair access holes in backs of cabinets/walls in two bathrooms under sink, behind master bathroom toilet and kitchen under sink
5) rodents in crawlspace/attic/kitchen areas noted, contracted with pest control on an as needed basis. Rat Patrol-we have one year unlimited service, but are not sure if contract is transferable.
6) Attic and crawlspace had rodent feces/damage => Attic was cleaned, sealed, all insulation removed and replaced 2023 including replacing all attic insulation
7) Front area parallel to street accumulates water during rain due to limited street drainage on this side of street
8) Not sure if all outlets are grounded-original handyman replaced most of the outlets with 3 prong, but not sure if they grounded them/ground wire exists. Inspector did not find any errors in latest inspection
9) Floor near near the windows have patches and sanded areas due to pervious termite repair.
10) Building Inspection. Termite Inspection, Chimney Inspection, Rodent Inspection, Rodent Extermination, Cleaning and Attic Insulation replacement, Roof Inspection all conducted 2023

submitted by /u/Spiritual_Worth6238
[link] [comments]

source https://www.reddit.com/r/RealEstate/comments/1alryg6/do_you_see_any_red_flags_that_i_should_not_make/
Labels:

Comments

Post a Comment

Popular posts from this blog

Aren't comps/CMAs useless with buyer credits at close happening now?

I'm looking into buying a new construction townhouse in my HCOL US city. I'm seeing builders offering interest rate buydowns worth $20k-$60k on $800k homes (rather than just lowering prices) in order to keep their comps high for their other units, now that buyer demand has been declining. I asked my agent about these, and he said these buydowns aren't even the full story: buyers can write all kinds of other credits into an offer, like their closing costs, prepaid sewer fees, etc. Apparently cash buyers can just write in a "buyer credit at close" for any amount in their offer. So a new townhouse that appeared to sell for $800k in the MLS might have actually been a cash offer with a $100k+ buyer credit at close, meaning the buyer only spent $700k or less in total, but to the rest of the world they can only see the $800k! So that made me realize I can't trust comps/CMAs for other new construction townhouses. The sales prices could be way lower than they appear...
1 comment
Read more

Obtaining a real estate license as a hobby?

Hello, I am 24 years old - 2 years out of college and I have my main job. I was looking to get a real estate license (in California if location matters) as a hobby/for fun since I like real estate ever since I was in high school. In the past 2 years, I would go to open house in the weekends to look at homes for fun. I don’t plan to practice real estate full time as I have my main job but I am curious are there any benefits to this? In the future, I plan to own multiple properties and have rentals, so I was wondering if getting a real estate license can help me with it? Thanks submitted by /u/AlohVera [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1f0qx9i/obtaining_a_real_estate_license_as_a_hobby/
Post a Comment
Read more

Advice? Moved out of my primary residence and now renting

I moved out of the house I own in August 2021, I lived there for 8 years, I have been renting an apartment the past 3 years and renting out my house. My current tenant is moving out in September. I seem to have just missed the living 2 years out of 5 years rule for being exempt from capital gains tax and my house being a primary home. Any advice on what the best thing to do would be moving forward? Continue to rent out my house? I'm happy with my rental, but wouldn't mind buying another property down the road. I could sell my house down the road and try to do a 1031 exchange? Moving back in my house isn't ideal because it's an hour away from where I currently live. I could take a HELOC perhaps and try to buy another property and continue renting for the long term? I do have a 2.4% mortgage rate on the house so I don't mind keeping it for a while. Thanks for everyone's advice. submitted by /u/Ok-Top-7859 [link] [comments] source https://www.reddit.co...
Post a Comment
Read more