re: When a dream house becomes a money pit

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An electrician told them the wiring was not grounded, and that a fire could break out at any time.

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Either a very stupid electrician or one just trying to con them into giving him business.

The other problems listed aren't that big of a deal, so like the other posted said, not sure why this is news worthy. Millions of families have homes with comparable needed work.

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obviously not a thorough one

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That's because there are VERY few inspectors that are thorough. Many of them couldn't build a toy house out of legos with instructions but they can pass an easy test after taking a few hours worth of classes online. That's right...you can take a class online with zero experience and as long as you pass the test and buy GL and E&O insurance that only cost a few grand, you can go around with a clipboard and put your stamp of approval on the largest purchase many people will ever make. No experience needed.

They are so protected by their contracts that it's not even funny but yet buyers put their faith in them thinking that they are getting an iron-clad guarantee for $400.

I have said it 100 times on here but you are better off hiring actual plumbers, electricians, HVAC guys, and structural engineers to inspect a property for you. It might cost you more in the short term, but like everything else, you get what you pay for.

Everyone always says "well the guy I hired was great" and he may be good but he's also perhaps lucky you didn't have any issues that he was protected from inspecting due to his contract disclosures you signed off on. People also don't want to think they made the wrong decision with the guy so they would rather believe they got a fair shake.

It's insane if you truly read their contracts. Not sure how people think someone would take on such a liability of inspecting a house worth hundreds of thousands of dollars for a few hundred dollars pay and do it in a matter of a few hours. The answer is they don't and no insurance company would insure them if they did. They know it's nearly impossible for someone to sue them successfully as long as they cover a few base items.

FWIW, none of this refers to the IBC inspectors employed by permit departments. That's a whole other ballgame and many of those guys have legit knowledge about how things should be done.

That was tough to read....I have learned a lot of lessons about houses the hard way myself.....the seller and the inspector screwed them badly....first buyers and city dwellers without experience in a tight market......ughhhhhh.....

In some markets you cannot write an offer contigent on a home inspection. So if you get one and want to back out you forfeit escrow earnest money. But most sellers won't even consider an offer that asks for access for an inspection. So what you see is what you get....problems and all.

This is their own fault. Seems like they got caught up in the fact they found their dream house so nothing else mattered.

Talk about aspiring to shitey dreams. Oh and the different paint on the right side is bothering the hell out of me. What an ugly house

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That house has three different finishes on the front. Ugly as shite.

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Two. They are renovating/painting it.

I feel bad for them, but they made a bunch of dumb moves.

The worse being agreeing to the article about the house they now will never be able to sell because it is so bad that there was an article written about it.

I was under the impression that before a bank would give out a loan for a house they would want an inspection / appraisal done on it. Is this not the case?