12/27/2012 by admin 1 Comment
Buyer Beware – House Flipping is Hot AgainWe Focus on Construction Defect Litigation on a Contingency Fee Basis
Buyer Beware – House Flipping is Hot Again
Buying a home with the intention of fixing it up and selling for a profit is a growing trend in Northern California as banks continue to sell foreclosed homes at record low prices. While many “house flippers” hold valid contractor’s licenses and have the requisite experience to make repairs and upgrades, other flippers are unlicensed and have little more experience than the average person when it comes to home repair and improvement. In attempt to make the property more appealing these inexperienced flippers often make unpermitted improvements that cover up serious issues with the home leaving the eventual buyer with a mess. Installing new flooring over cracked and damaged concrete foundations and wood trim and paint over areas showing water damage are just a few ways that flippers attempt to make a property more appealing, while covering up serious material defects.
What many flippers do not understand is that California Civil Code Section 1102 et seq. and common law require a seller to disclose all material defects and repairs made to the property to the potential buyer. Failure to do so can result in civil liability and result in a money award in favor of the buyer.
Have you recently purchased a home that looked to be in perfect condition when you bought it but now is suffering from serious issues? You may be the unwitting victim of an unqualified home flipper and entitled to money damages. Call Sacramento construction defect lawyer at Anderson | Schoech for a free case evaluation!
Call us now at (916) 569-1940 to speak with a Sacramento construction defect lawyer at a no-cost consultation. Let us help you protect your home!
We Focus on Construction Defect Litigation on a Contingency Fee Basis
4020 Lennane Dr #102 | Sacramento,CA, 95834
Tel: (916) 569-1940 | Fax: (916) 569-1939
Find us on Google+