‘Rigorous’ inspections becoming de rigueur

Home Sale Hindsight
Published on Jun 19, 2009

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Q: My buddy bought this incredible house on the beach for more than $1 million. It was really stunning and had awesome views -- he fell in love with it at first sight, and closed the deal pretty quickly. He did have inspections by a contractor friend the seller was able to get to come out really fast.

My friend bought the house in the summertime, but when it started to rain, the rain literally poured inside the house. In the course of getting the roof replaced, he started to discover all these other issues wrong with the place that the seller had to have known about and concealed, including the fact that the whole foundation has some kind of dry mold issue. To make a long story short, the place needs to be torn down.