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Bought a lemon?

2,322 Views | 10 Replies | Last: 8 yr ago by SnowboardAg
texancanuck11
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Has anyone ever bought a house where everything goes wrong? We've been in the house about 3 years now, and it seems like every time we fix something, another thing breaks. For instance, we just leveled the foundation, and it created a leak in the plumbing.

I guess what I'm asking, is if I should just keep dumping money into it because I'll have to when I decide to sell anyways? Or do I just live with the problems?
SoTheySay
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It is common for plumbing leaks to occur when leveling a foundation. That should have been pointed out to you.
histag10
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texancanuck11 said:

Has anyone ever bought a house where everything goes wrong? We've been in the house about 3 years now, and it seems like every time we fix something, another thing breaks. For instance, we just leveled the foundation, and it created a leak in the plumbing.

I guess what I'm asking, is if I should just keep dumping money into it because I'll have to when I decide to sell anyways? Or do I just live with the problems?


I bought a house that I had to dump a ton of money into (and did so willingly, as the market was good). Then we moved, now the market sucks, my house is listed for over $30k less than what I have into it, and has been on the market since September.

the point is, I never considered that house a "lemon". We knew there were issues, and knew there were going to be issues that we didn't know about when we bought it. IMHO, that's kind of what homeownership is for the most part.
texancanuck11
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SoTheySay said:

It is common for plumbing leaks to occur when leveling a foundation. That should have been pointed out to you.
I'm aware of that. That was one example. I could go through a laundry list of issues. I guess I feel like I can't catch a break with this place. We would love to spend some money on things that we would enjoy around the house, but feel as though we're constantly using our entire budget to fix yet another problem.
Deats99
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Have you thought about an inspection in order to get ahead of it?
A good plan violently executed now is better than a perfect plan executed next week.
-George S Patton
jamaggie06
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Home construction is crap. Most inspections are only surface deep, unless your gonna peal back drywall or portions of the exterior.

To me, the bigger issue is, if you know about the issues, arent you obligated to state them on sellers disclosure should you try and sell?
LostInLA07
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When was the house built?
mazag08
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jamaggie06 said:

Home construction is crap. Most inspections are only surface deep, unless your gonna peal back drywall or portions of the exterior.

To me, the bigger issue is, if you know about the issues, arent you obligated to state them on sellers disclosure should you try and sell?


Have you gone back and read the sellers disclosure? What should you do if something obviously faulty isn't on there? Or if they lied?

A lot of people assume that the buyer won't know or care about the sellers disclosure enough to challenge it. Some aren't educated on the importance of it by their Realtor and legitimately don't understand why they need to take it seriously.
texancanuck11
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The house was built in 1958. I know that older houses have more problems just because of age and some of this is to be expected.

We've gone back to the seller's agreement, but the issue we've run into is that we bought it from an estate. So we can't really dig up the previous owner and ask if she knew about certain problems, and I don't have a lot of hope that the kids knew the ins and outs of their mom's house.
AggiePlaya
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Did you have the house inspected when you bought It?

Did you factor in the potential issues (like foundation repairs) in the price you negotiated when u bought?

Did you pay a price less than the normal market value to adjust for the potential issues?
Deats99
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jamaggie06 said:

Home construction is crap. Most inspections are only surface deep, unless your gonna peal back drywall or portions of the exterior.

To me, the bigger issue is, if you know about the issues, arent you obligated to state them on sellers disclosure should you try and sell?
And you obviously are using the wrong home inspector. Yes they do not have x-ray vision, but if they are worth a damn they have enough knowledge to catch the unseen through tell-tale signs......
A good plan violently executed now is better than a perfect plan executed next week.
-George S Patton
SnowboardAg
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We bought a 1955 home in 2016. We bought with the intent of tearing down in 5-7 years to rebuild, but knock on wood, the challenges have been very minimal.

We thoroughly inspected foundation and sewer pipes. Both came out ok. My biggest long term concern is supply lines (galvanized steel). I'm on borrowed time there. Electrical has been great so far and while I'm not grounded, I install GFCI outlets anywhere I need a 3 prong.

We're about 25k in on just minor renovations and system improvements, but I see that as rent money that I would have to pay whether in this house or not. At this point I'm 4 years from tear down.
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