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Patrick
2012 Mar 26, 7:23am
Good thing you walked away!
You can see they tried to sell it a year ago too. Look here:
http://patrick.net/housing/history.php?uaddr=29+Edmonton+Place%2C+Aliso+Viejo+CA
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Goran, a good agent probably would have caught those problems before you got into escrow. If I am looking at a house I always open any cupboard doors below sinks and smell for mold. Do that wherever there is a water source, it's a good idea to put all your weight on on foot after placing it next to a toilet, that can reveal soft floors caused by water damage. If the shrobbery has been up against the house there will be water damage or dry rot. When looking at a roof be sure to look at it from different angles and look at the reflectivity, differences can reveal wear. Corners and edges show the quality of workmanship and are also where a lot of problems show up even on expensive homes ( I have one in mind, 5 lovely acres and $1.6MM)
Goran_K
2012 Mar 27, 4:39am
Do that wherever there is a water source, it's a good idea to put all your weight on on foot after placing it next to a toilet
That's a good idea Tom. Thanks for the tip.
Listing price:
$434,500 in February 2012.
Review:
I looked at this home as a potential starter home for my family. The layout was good, open concept, but very little yard space. Long extended driveway though that could be closed off with a small gate, which was a plus since we could use it as a play space or extra room for outdoor parties.
I offered $10,000 under list, and got accepted. During inspection, all heck broke lose. The place was literally falling apart. They found black mold (stachybotrys) in the garage. The water source was from a faulty deck and french door setup in the master. Water was literally leaking into the house everytime it rained, and eventually soaked through the floor into the garage. There was a massive amount of dry rot on the deck, and part of the floor in the master. You could literally stick half your arm into the floor through the hole where the water leaked through. The water heater also leaked, and the entire area was soggy and soaked. The property also previously had a slab leak, which was repaired. The area underneath the sink showed evidence of a massive leak as well.
The exterior of the house wasn't much better. There was massive amounts of vegetation all around the house. The previous owner had allowed vines to grow up and down the exterior walls. This left lots of vine "material" all over the stucco. Many of the roof tiles were sliding, and some of them left roof paper exposed. There was evidence of pooling water all over the yard, no proper drainage either.
In the end, I walked away because the cost of mold remediation, as well as fixing the dry rotted deck, master floor, and garage was going to cost about $20,000. The bank (Bank of America) refused to do any repairs on the home since they said it was an "as-is" short sale. So I took my deposit out of escrow and walked away.