Home Inspections, Full Disclosure A Joke!
Posted in the Real Estate Forum
#1 Jun 16, 2010
Whatever MD Laws were meant to protect regarding full disclosure of hidden defects, professional real estate inspections for the buyer, and value, it's not working for the buyers!
Case in point: single woman makes offer on townhome contingent upon attorney approval and satisfactory home inspection that neither provides her with the information about the actual dollars she may need to repair and maintain the subject property. She moves in and finds her sump pump running constantly because of water draining which is facilitated by landscape grade maintained by HOA. Finds a skylight leaking the very first two weeks during rain which the sellers had known about and was not disclosed according to HOA authorities who had been contacted by sellers.
Later, new owner finds her air conditioning and furnace should be replaced. And during a hard rain finds water penetrating around bedroom window into the house.
The home inspector was virtually useless. None of the actual problems noted herein were pointed out as to the potential seriousness or costliness of each for this struggling buyer.
#2 Feb 8, 2013
I've had the same thing happen to me. I had been warned that they only point out the obvious and they don't dig to find any real problems I was out $375 for nothing.
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