Recently, a client of mine saw a home in Beaverton, Oregon online that came from my daily email to her. She thought the home looked good, it was in her price range, and when she drove by on the way home, it looked even better in person.
She was so excited by what she saw that she wanted to put an offer in on the home without actually ever being inside the home. I wrote the offer, we drove to the home, went inside, and I have to say, this home was amazing! Nothing I could see would have said “RUN!”
But, what the agent didn’t put on the listing was that the home had no foundation. They knew it didn’t, but still decided to just price it fairly for that, but despite the price, finding lending for it was nearly impossible.
What lesson did my client learn from this? Well, she learned the importance of inspections, but in this case, we found out what we needed to from the disclosures prior to actually spending any money on an inspection. You never know what you will find in a home. Even the best looking ones may have hidden flaws, so my advice to you, the buyer, is GET AN INSPECTION EVERY TIME!
Now, if I was this seller and I had the equity in the home, I would have hired a foundation expert and had the home lifted and had a foundation poured. More than likely the cost of that would have been gotten back in the increased price of the home as well as in the decreased marketing time because you could obtain a loan on the property.
Todd Clark (Broker/Owner)
The Friendly Home Team
Realty Pro, Oregon LLC
I am a licensed Realtor who specializes in Washington County, Oregon and also work in both Clackamas and Multnomah Counties including the cities of Aloha, Beaverton, Canby, Clackamas, Gladstone, Gresham, Happy Valley, Hillsboro, Milwaukie, Oregon City, Sherwood and Tigard. All information contained in these posts are copyrighted and cannot be used without prior written approval authorization from the author me Todd Clark. If you are looking for an outstanding agent please give me a call I would love to help you with all your real estate needs.
What if there was a way you could search the MLS for FREE just like Realtors
Now you can access the MLS using similar tools as Realtors. You are in control of what you want to search for, and you can search the MLS at your leisure. The information you submit in the form below can also be used to put you on an automated system where you'll be emailed all homes that meet your search criteria. You'll get internet access to a website that includes pictures, prices, and addresses to real estate that's listed in the MLS!