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This isn't surprising to me. Early on in our home search we found a house that we loved, but was extremely overpriced—even in a hot market. The house was not o
by samsolomon 5y ago
This isn't surprising to me.
Early on in our home search we found a house that we loved, but was extremely overpriced—even in a hot market. The house was not owned by Zillow, but a similar company. When we asked for disclosures we did not receive them for almost a week.
My agent warned me that there were going to be things wrong with the house and that they probably would not be disclosed. I found a thread on reddit about making purchases from this company, and one user who was an agent said that they always asks for the previous seller's disclosures—that's how they know where to look with the inspectors. Apparently the company frequently hired handymen to do specialized work. They did the bare minimum to make sure the house passed inspection.
Anyways, we made what I thought was a reasonable offer, even though it was for about 10% less than the list price. It was rejected.
Three months later it sold for almost the same price as our offer. We probably dodged a bullet though.
- edrxty 5y agoWow I just had the exact same thing happen to me. Problem was they tried to wait me out through inspections to avoid agreeing to concessions. The place was nice but turned out to need a full roof and hvac replacement immediately.