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Home-Buying Process Goes From Dream To Nightmare For Twin Cities Couple
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- Опубликовано: 9 апр 2017
- John Kozlik and his partner bought a newly-renovated house from a flipper in south Minneapolis last year. They had no idea about the seller's history of fraud, Liz Collin reports (4:17). WCCO 4 News At 10 - April 10, 2017
We recently had our walk-out level finished and made sure our contractor was licensed and that all permits were pulled - we checked them ourselves online and had the permits posted on the windows. We also made sure all inspections were done and signed off - we checked all of this with the Township office and online. The contractor thought we were a pain in the ass - I didn't care. From plumbing to electric to the framing, the fireplace, the kitchen and bathroom - we crossed every t and dotted every i. The building industry is rife with rip-off merchants and the occasional inspector can be inept or paid off.
Right on...
Before buying a house, always go to the city and give the address of the house. They will give you all the info on that house including renovations that were legally done. As far as the mold hidden behind walls, an inspector can not see that and he can not put holes in walls to look for hidden mold. If you have mold behind walls and you sue the seller, he will most likely win - All he has to say is he never knew about the mold.
Well what is the inspector for if he can't have the drywall torn down or some other process to detect mold it has to be some way to know or detect mold that's BS
I would also go after the inspectors, too. The things that were wrong were massive to all go unnoticed.
If the buyer and/or the inspector is not allowed to rip out the sheetrock (as is the case in most cases) and it is purposefully hidden then it can't be seen. If it can't be seen then it can't be reported. A moisture meter might have given clues IF it had rained recently and IF the inspector had a reasonable suspicion to check for excessive moisture. What is apparent is that the seller purposefully hid the issues in order to make it undetectable. Assuming that the inspector did his/her part then both the fault and liability lies with the seller.
I don't think the buyers did as much as they should to find out about the house. My real estate agent gave me the best advice when I was a very young 1st time home buyer. Go house hunting on a rainy day. You'd be shocked how many homes on the market have a problem with flooding. No matter the weather have someone turn on the heat, air, and try the stove & oven. Make sure all the appliances work. Before putting a contract on a home ask to see paperwork that will tell you if tanks are buried in the yard. Find out if the house heats by oil. People fail to mention that too. Get the roof inspected. Pay to have a complete inspection! Bugs, mold, etc. You may have to spend more to get people that do a detailed involved inspection. Make sure the title is clear and there are no 2nd & 3rd mortgages. Too much work. Not if you don't want to get burned. The extra money to have a home completely checked out with a professional home inspector who doesn't just do a glance over, is well spent if it saves you money in the long run.
Excellent advice! Especially on the rainy day. Thanks for sharing.
Great advice, but really no 2nd mortgage i can understand a third but people take out 2nd mortgages all the time.
Fuck minnesota and all the liberal bastards that living in it.
And all the god damn conseritives from winsconsin that work in it
Fuckk minnesota
In this superheated real estate market, if you asked for permission to perform a complete professional home inspection, there are plenty of potential buyers forgoing that and getting that house instead of you.
@@Landis_Grant Yeah and many of those people aren't even going to see the house beforehand. Houses not even on sale for a week and are under contract, already.
You expect your realtor to protect you? Lmao
No joke, they are wanting a sale just as much as the seller what a joke hahaha!
A sellers Realtor fiduciary lies with the seller, not the buyer.
Actually, a broker is supposed to protect their client from situations like this that are documented. A broker isn’t supposed to just show houses like the reputation deems. States like my state, North Carolina, emphasize a major focus on education of legalities the broker needs to know of and inform their client of.
A broker fiduciary ONLY lies with the person they have signed a contract with. If you have NOT signed a contract with a real estate agent or a broker, they do not represent you. That's the law no matter where you go.
They have to, it's the law. If not, they can get sued and lose their license.
Great! One Bad Apple spoils it for all of us. Let the comments come flooding in investors are evil flippers are evil. No they're not. This was not a flipper this was a scammer.
There's a difference between a real estate investor who does this for a living and has quality work and a straight-up Ponzi scheme.
In many parts of Minnesota, if you do the work yourself, it’s not necessary to pull a permit. Only when you hire someone outside your family do you need to pull a permit for plumbing and electric work.
Screw that, permits and certifications for everyone touching your house..
I almost bought a flipped home a little over a year ago. It looked like a great house. It even passed inspection with flying colors. We signed the purchase agreement but not the closing. After the purchase agreement was filed it all became to clear thank goodness online photos. The photos started to leak out on Zillow by accident and it showed that the house had been foreclosed on 4 years prior what a dump. It looked down right scary. Mold and it was in shambles. It also showed ponding water. We also found out it had a 60 year old septic system. I knew right there and then I wanted out from the deal. The sellers said they were going to sue us. It didn't happen and the house had a high appraisal and as long as we were able to document the appraised value we were off the hook. It sold a week later back on the market to another person. We bought a new build about 50 minutes from there.
GOOD JOB
I would be pissed! My wife and I were buying 10 acres and the seller didn't tell us alot about issues with the home. Granted....this was "THE perfect place"....3 bed...2 bath 2 kitchen...walk out ranch. It had not been lived in in like 5 yrs. He told us...they bought the place and his wife didn't want to live there....so they just turned around and sold it. We should of had an inspection first off....and second...should of gone with my gut-instinct ......
As a studying soon to be realtor I always say if the house is old and overly renovated RUN! these flippers are a menace to society, they buy a busted old shack, slap some paint here and there and put in a new kitchen and call it a day. No Flipper ever fixes the house's real issues, they just do a ton on cheap cosmetic work to sell the house fast and move on. Do not trust these people! you will get scammed and left with a big expensive mess.
That is the difficulty about buying or renting a new home. What might look pretty from the outside, does not mean that it is pretty from the inside.
Really glad my home is on a slab of cement after viewing this.
NEVER buy a flipped house, especially if it's an LLC , they tend to put bandaids on major issues and make it look pretty, that is to draw your attention away from major defects!
ALWAYS get a professional inspection BEFORE buying a house!
An inspector would not have picked up on this, it was hidden behind the new walls!
@@bettysmith4527 they would have checked PERMITS AND CERTIFICATES OF WORK!
@@mikejackson7881 inspectors do not check permits or certificates, that is the job of the potential home owner. Obviously this house had a certificate of occupancy, thus it would have no bearing on this situation.
Home buying changed in 2008! Put your money into a retirement fund, not a house!
Always look at houses on a rainy day!
Always ask questions about the house and get a home inspector
Always hire a certified home inspector before signing, you have an inspection period for a reason.
He basically got scammed out of $200,000.
This is a horrible realtor
Always contact the local building official/planning/code enforcement office and pull the public records, including permits. Any problems with the house usually fall onto the new owner because it’s the property that’s in violation, not the person. Do your Due Diligence and save yourself tons of heartache!
Ben stillers sibling?
Gonna need to sue that home inspector.
I hired a home inspector paid 400. After movin in my first home the swamp cooler dont even work. The fan ceilin not workin either. HOW THE F did he inspected it??
That's so scary
How could someone do this to another person??
Greed, no conscience, evil heart, etc.
Same thing happened to me. Flipper painted and spackled, inspection done, too. I have a wonderful red door too I've since realized the guy likes to paint the doors red on his flips.
I think I'll just flip my own house
If you don't pay for a mold inspection, you won't know what's in the walls. It's impossible to see everything, that being said, there seems to be some malice here with regards to what the seller hid.
Do your research and hire your own inspector. You do not have to go with your Realtor’s recommendation. We hired our own inspector who walked us thru the entire property and tested everything to make sure they were working properly. The inspector also explained everything and answered all of our concerns. Only you are protecting your own interest and investment. No one else is.
Poor guy WTF how do people live with themselves.....
You should have a licensed house inspection before you buy , check any wrong about everything on the house you want to buy.
Houses of that age aren't really designed for the basement to be a living space - at that price in that area even 4 years ago, I have to wonder ......if something sounds too good to be true.....there's bound to be trouble - I hope they got some sort of money back from this experience
My first question is... why the fuck would anyone want to live in Minnesota?
Because they like mosquitoes!
If you do NOT sign a contract with a Realtor (seller Realtor) they do NOT represent you. If you see a house you like and contact the Realtor listed, that Realtor represents the seller and their fiduciary is with that seller and their goal is to sell you the house. So do your homework!
realtors are never a fiduciary
This just happened to me… bought my first home and on close of escrow I have $500,000 in mold and stucco repairs to make the house livable. Our slab is soaking wet, entire outside wall moldy and our home inspector said nothing about it.
500K? That's more than the house is worth? And if not, then that's just too much house for you.
@@justinedse3314 it’s up to over a million to repair
no inspection... i bet my bank account
Yikes! That's why I'm going off grid living. Too many frauds and scammers out there.
Do the foot work and research before buying.
Good luck with the legal battle.
In hot markets you can't really "inspect", you'll lose the bid. Better to try to find a flip as it's being done, so you can actually see the work. Or buy a fixer, if you can handle the contracting. I can't. I bought a crummy unrenovated house but over all it's in great condition compared to most renos, solid Oak, hardwood floors, those double plaster walls from 1948. Can't get it fixed up though, to hot a market.
I’m so sorry may God bless you and your family May you find a safe loving home 🏡 Amen 🙏
i hope those people won their case and were awarded the house for the 10 grand they put down
Many flippers are con artists like this
permits are supposed to protect you but a corrupt inspector taking a bribe...is very common.
Caveat emptor
David M
Ah yes, till death do us part....
realtors just want to get the deal to the table. they do not care about pulling permits. you need to do your own due diligence
No permits is public record. That at least should have been investigated before buying.
Looks like an attorney was not involved in the property purchase.
Um… why didn’t you have the home inspected first?
Isn't this lime every flipped house. Just cover it up with shiney tiles and call it a day
In most situations as this, in arbitration, the home owner always loses! It's staked against the home owner!
stacked not staked
@@Landis_Grant Thanks professor!
Dirty dirty dirty house flippers throw them in the river
I agree!
They obviously didn't get the house inspected first.
That's why you hire an appraiser!!!!!
This house is ugly. Looks nice inside when you don't know about all the issues covered up, but the exterior is just weird looking.
But department of labor and industry was chasing me for 10 years straight for not having GC license. Never in 16 years of working like carpenter any customer or any city inspector complained at me. But DOLI do not have any problem chase me for one decade. "State labor department...." LOL I heard it after I did first part of comment. "Investigator" from DOLI was asking me to pay 3K like I did advertise for GC at CL and that I did some big project without permit in 2017. I offer them to go to project to see permit that is pulled by homeowner, did ask them to call city inspector of project at end owner of house had to call "investigator" to say him that he pulled permit. "I will not call no one" is exact word of "investigator" when I asked him to investigate do I act like GC. But they do not move a f finger around house flippers.
Buy a 2/10 warranty instead of a home inspection.
Wow, that’s terrible!! I’d be suing - didn’t the buyers look for permits & all work done?? Definitely fraud, but how would a buyer know this was a flipped home in the first place???
Caveat Emptor(buyer beware)!!! I always advise my clients in Atlanta to order a professional inspection during due diligence. #DBaileyAndAssociatesRealty
Sorry about this. Why didn't they get a home inspection first? Sorry again.
$100,000 theft should be treated like murder.
Look how tiny that house is man
What a fucking shame for 21st century America.
Four bedrooms and three bathrooms.
Fool home buyers right now paying THOUSANDS of dollars over asking price,only too get burned later,lol.
looking good LIz!
GREED is a perfect example of how America has went to tha "CRAPPER"...smh
Realtors don’t care, they just want the money
Why can't the flippers just completely fix the problems and charge more for the houses?
Because by not doing the work, and just saying you have, you steal so much money :D
Why buy a house from sea lions?
How would you even know if a house is flipped or not.
i'd look for how long the last ownership was & compare the price they paid vs what they're asking for. If they only owned the home for a short period of time & are asking for significantly higher than what they paid, then i'd assume it was a flip. i'm guessing they paid close to 120k, and a home's value isn't going to magically increase 300% in a few months or year.
M X,
If you look at enough photos, say on Zillow, you get an eye for flipped houses.
One big thing here and probably elsewhere, is an "open-concept" kitchen in an older house. Another, tip-off can be flooring. If you see a repeated bold pattern in the wood grain, it's probably "Quickstep" (which is cheap; easy to install and is a suspected cause of respiratory illnesses. You will see the same, oddly new interior in older houses that hits on all the current fads: granite counter tops (or what appears to be); subway tile (or what appears to be). You get an eye for it.
And then, everything the previous poster said.
look at Google maps and change the timeline. You can view old google map pictures of the address
Damn that sucks!!
Buy a piece a land build your own home end of problem TRUST NO ONE when it comes to your money
I'd sure the inspector.
There's no comparison Real Estate Investors are not scammers like this person. You've had doctors kill people why do you think lawyers exist for medical malpractice. Lawyers, bankers, every industry has these type of bad apples. That simply does not mean that every real estate investor is a scammer. I like the way this story gets twisted up. I feel bad for the people who bought the home but this is a professional scammer and has done scams before this is not a real estate investor anywhere he can make a buck that's where he's headed.
I feel bad this happened to this guy but at the same time come on I bet all he saw was the new drywall and dumb new millennial decor and fell in love so much he offered 10 000 more
True. But how can you know? I mean I would never buy a cardboard house, new or renovated, but things looking perfect definitely makes you think they thought about all the details.
the buyer didn't do his job either. it is easy to see if someone pulled permits...
It is your money you should do your research. never buy a DIY Flip which it obviously was with no permits.
😂😂😂😂So fucked up.
Hooly shit that presenter has some IRON hair. Look at his hair OMG it's like made of steel wire!
What's the mask for..
..
wow
John Kozlik is a beautiful man indeed!!!!
The American people need to stop having kids. Too many people taking up space. My sister in-law is ready to have her third kid. What the F? They have been struggling already. Why make it worse. I’ve been married for 12 years no kids and happy as hell. Common people. Come on.
😂
just water proof the foundation outside. and forget about the basement as living space. gees. i don’t see the issue here. =.- over paid yes. still a workable house.