I hear constantly from recent home-buyers a story that seems
to be a reoccurring theme for us. That is, new home-buyer buys home, and six
months to 12 months later starts to notice cracks in walls and doors and
windows not functioning properly. Why is occurring so much? I have a pretty
good explanation. Read on.
During the great recession I had the opportunity of being an
expert witness many times. My expertise was required in helping a current
homeowner in negotiations with another party on their house foundation repairs.
Quite often during this period of time homeowners would either walk from their
home with lots of damage in it or they would collect and then walk. Leaving the
mortgage company with the foundation problems.
It was very common for the lender to then sell the home at
auction as is. Many times it would sit for a long time up to years before it
would be sold. People sensing a bargain would then buy the home and instead of
fixing the problem at its source, did what we call “caulk and walk”, selling it
to a new home owner after a little cosmetic fix up. Now after 6 to 12 months or
even several years those problems that were not fixed at their source are
coming back. See my earlier blog…. Why the crack keeps coming back. http://www.foundationaz.com/ .
How can you protect yourself. I suggest that before you buy
a house you call our team and have it expertly investigated. It is a small
price to pay for making sure you’re not buying a house with big problems. In
order to properly investigate, there needs to be sufficient time… usually about
a week.
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