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Caroline Gerardo, C. G. Barbeau the Loan Lady nmls 324982 (Licensed in 20 states)

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Rainmaker
1,446,248
John Juarez
The Medford Real Estate Team - Fremont, CA
ePRO, SRES, GRI, PMN

I fail to see the relationship between what happened on this commercial building and a flip house.

Yet, I would always caution any buyer who buys a flip house to get current and complete inspections on the house.

We know that profit driven flippers could cut corners to avoid expenses and those shortcuts could adversely affect the new owner.

Jun 16, 2023 10:02 AM
Ambassador
3,662,852
Anna "Banana" Kruchten
HomeSmart Real Estate - Phoenix, AZ
602-380-4886

This goes beyond investors or flips.  Normal home sellers have been known to cut a truss or two to 'make something fit or work'.  I've run into some over the years and it's always 'this MUST be repaired and have it signed off on by an engineer.  We typically will make a copy, put it in plastic sleeve and attach to the area repaired.

Jun 16, 2023 12:47 PM
Rainmaker
684,902
Diana Dahlberg
1 Month Realty - Pleasant Prairie, WI
Real Estate in Kenosha, WI since 1994 262-308-3563

It's always something!  I always recommend a Home Inspection ... all the time!  Buyer Beware!  Caveat Emptor ...

Jun 16, 2023 01:39 PM
Rainmaker
761,034
Lynnea Miller
Bend Premier Real Estate - Bend, OR
Premier Real Estate Service in Central Oregon

It is always important to have a home inspection done by a licensed inspector. And any work done on a home should be done by licensed contractors. Anything else can lead to problems.

Jun 16, 2023 01:05 PM
Rainer
415,354
Don Baker
Lane Realty - Eatonton, GA
Lake Sinclair Specialist

inspect inspect inspect

Jun 16, 2023 12:54 PM
Rainmaker
1,293,076
Peter Mohylsky,
PMI. Destin - Miramar Beach, FL
Call me at 850-517-7098

It should be interesting to see what actually happened.   Me thinks lots of this material will be reused.  The tv folks are not the experts here. 

Jun 16, 2023 10:18 AM
Rainmaker
888,491
Eileen Burns 954.483.3912
Trans State Commercial Realty Inc. - Fort Lauderdale, FL
FLorida Real Estate Connector

Even with single family home developments its best to get a pre-inspection and post inspection to have the work checked out properly.  Many folks seem to want to cut corners.  

Jun 16, 2023 10:01 AM
Ambassador
3,431,217
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate Services

 

WOW, Caroline Gerardo - thank goodness no one was injured.  

They said it is "unlikely" any of the material will be reused.  One has to wonder though.  Yikes!

 

Jun 16, 2023 09:26 AM
Ambassador
2,708,818
Fred Griffin Florida Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

Florida roofing laws are tough; the statutes were re-written after the record breaking 2005 Hurricane Season.  But there are lipstick on a pig flippers who will try to get around the code requirements.  

 As others said, get an inspection.  Make certain they climb into the attic and look at the truss work, etc.

Jun 16, 2023 06:07 PM
Ambassador
3,213,979
Tammy Lankford,
Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 - Eatonton, GA
Broker GA Lake Sinclair/Eatonton/Milledgeville

There is a company in Atlanta (with real estate licenses) that eventually lost a lawsuit

 

Jun 16, 2023 12:44 PM
Rainmaker
2,850,026
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

When I was doing building, my mindset was to build what would sell and for top dollar too. What would I like was the question I asked & answered. To cut corners is the equivalent of cutting your own results. The foolish tread here

Jun 16, 2023 10:55 AM
Ambassador
3,268,312
Wanda Kubat-Nerdin - Wanda Can!
Red Rock Real Estate (435) 632-9374 - St. George, UT
The best agent in Southern Utah!

Being in the industry for a bit, I have seen quite a few questionable things done by the do-it-yerselfers and the corner cutters (single side enforced trusses instead of both sides as an example). If a client wants to buy a residential flip, ensure the re-do was done by licensed professionals, have an inspection done and get their contact information, just in case...

Jun 17, 2023 06:36 AM
Ambassador
2,327,321
Carol Williams
Although I'm retired, I love sharing my knowledge and learning from other real estate industry professionals. - Wenatchee, WA
Retired Agent / Broker / Prop. Mgr, Wenatchee, WA

OMG. Good thing it was under construction and not occupied! 

Jun 17, 2023 06:41 AM
Rainmaker
5,488,270
Wayne Martin
Wayne M Martin - Oswego, IL
Real Estate Broker - Retired

There are those that follow the law and those that break the law. There are those that do it right and those that do not. Can't blame all flippers or law abiding citizens.

Jun 17, 2023 04:47 AM
Ambassador
4,982,639
Brian England
Ambrose Realty Management LLC - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

I hate that so many people cut corners these days, it's a difficult world to live in.  Quality has certainly diminished, even when prices have increased.

Jun 17, 2023 04:30 AM
Ambassador
6,692,882
Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671

Some folks like to treat flippers as if they were criminals, most are not.

First the city's building inspector would catch any defects in construction, then the buyer's inspector will also be looking for any defects.

Instead of villianizing flippers they should be thanking them for giving old homes a new lease on life, keeping them standing and modernizing them fixing them, and preparing them for the next homeowner.

Jun 16, 2023 06:50 PM
Rainmaker
1,870,653
Lyn Sims
Schaumburg, IL
Real Estate Broker Retired

It doesn't look to me that all the trusses were up yet. That doesn't make for a scammer. Not enough structure to hold everything up.

Jun 16, 2023 10:55 AM
Rainmaker
6,008,831
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Caroline, the worst home I sold was by a flipper, and the buyers ended up terminating, and luckily they did an inspection.  Scary when they are trying to sell homes that are dangerous.

Jun 17, 2023 07:29 AM