Well fellas... the buying process right now is such a headache. Wife and I found a house in a neighborhood in a good school district we love fully renovated in north Dallas above Addison. 50 year old home but there are no new builds in this area or around it. "New" roof, repaired foundation, PEX plumbing, gutters, raised ceilings... everything. developer has been buying homes and flipping them in this area and they have been going under contract in under a week. 7 figure price point.
Got my lending in order, got under contract. Went in excited. Paid for inspector, electrician, structural engineer, termite guy etc. Red flag after red flag. This dudes make the interior look like a home out of magazine and everything behind the curtain is a safety hazard. Engineer said roof is at risk of collapsing. So fucking pissed bc I'm now out 5k between option period and all the inspections. Was a headache even getting a loan in this market. Come to find out that they got 0 permits for all the extensive work as they gutted and expanded the old home and lied about a lot of things like new gutters, hvac, electrical. Fuck the selling agent for not disclosing any of the problems. Most of the shit wouldn't pass code or safety inspections. Fuck this housing market. I should report these fuckers to the city. I feel bad for the families that are buying these expensive ass homes without proper inspections by looking at the interior and finishes.
This seem to be the norm with most of the renovated homes. I've been through 2 construction projects and was hoping for a turn key situation as I do not want to go through a 3rd project with a baby. But now I feel forced to buy and tear down a home and go with a legit builder or move to the damn burbs like prosper which I do not want to do.
Sorry just venting.