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Showing posts from March, 2026

Texas flipper and their agent lied about tankless water heater, square footage, and signed repair agreement. Now says selling at appraised price was their “concession.” Looking for advice.

I closed on a house in Texas last week and I feel as both the flipper and the agent have acted in bad faith in several instances. Now I may to have to pay several thousand dollars to fix an issue they agreed to fix in the repair amendment. First, the online listing stated the home had a tankless water heater. When I toured the home, I discovered that the home had a standard unit. I thought that it must have just been an oversight on the listing, but also thought it was weird that the brochure on the table said the home had a tankless water heater. I let it go. During inspection, we also discovered (among several other needed repairs such as a plumbing leak and a GFCI issue) that the electrical outlets were two-prong and the home and outlets were not grounded. We added the repairs, including grounding the outlets and home, as well as repairing the GCFI to function as intended, to the repair amendment. The sellers signed agreeing to complete these repairs before closing. Then the app...

Sell our house or rent it out?

Husband and I want to move some time in the next year. Not necessarily upgrade, but we want to move down to Florida to be closer to family as we will be trying to have kids soon. Our mortgage is completely paid off. The area we live in has gotten extremely popular over the past few years, our house's estimated value has almost doubled since we bought. We are divided about whether or not to sell. If we did, we could put a significant amount into the new place and if we didn't, we'd have to take out another mortgage and start all over, obviously. It just seems silly to let go of this house now when we could rent it out and probably sell for a lot more five or ten years down the line. But of course, no one can fully predict the future. On the other hand, even if we used a property management company, which we definitely would, the idea of being in a whole other state and being landlords makes me nervous. We have absolutely no experience with that sort of thing. I also don...