1-888-683-3052
Click Here For Webinar Video Page
Search REIClub Website
Site Navigation
Investor Information
Home
Monthly Update
Real Estate Articles
Real Estate Videos
Real Estate Success Stories
Real Estate Blog
Free Investing Books, Audios
Real Estate Books
Investing Glossary
Investing Abbreviations
Real Estate Products
No Risk Guarantee
Best Sellers
All Investing Products
Real Estate Courses
Real Estate Audios
Real Estate Ebooks
Real Estate Books
Real Estate Seminars
Real Estate Games
Special Offers
Investor Resources
Hard Money Lenders
Real Estate Agents
Handyman Services
Real Estate Clubs
Cashflow 101 Clubs
Business Tools
Tax Appraisal Districts
State Property Codes
State Foreclosure Laws
Proof of Funds Letter
Discussion Forums
Networking Forum
Beginners, Carlton Sheets
Bird Dogs, Wholesaling
Foreclosures, Short Sales
Sub2, Lease Options
Rehabbing, Landlording
Financing, Hard Money
Asset Protection, Legal
Commercial, Mobile Homes
Real Estate Marketing
Random Ramblings
Site Information
About Us
Advertise on REIClub
Contact REIClub
Link to REIClub
REIClub Facebook
REIClub Twitter
REIClub YouTube
REIClub Testimonials
Learn Wholesaling
CD's Plus Transcripts
Click Here Now!
--------------------------
REO Experts
Reveal Their Secrets
Click Here Now!
Welcome,
Guest
. Please
login
or
register
.
Did you miss your
activation email?
May 25, 2012, 03:43:54 PM
Free Monthly Update
Subscribe today and get
four free bonus gifts!
Name:
Email:
Click Here to Register for the Discussion Forums
Real Estate Investing Forums
|
Real Estate Investing
|
Asset Protection, Legal and Contract Issues, Income Taxes, 1031 Exchanges
(Moderators:
$Cash$
,
Bluemoon06
,
kdhastedt
,
Mdhaas
,
motivatedceo
) | Topic:
Sellers told us the wrong year regarding age of house.
« previous
next »
Pages:
[
1
]
Tweet
Author
Topic: Sellers told us the wrong year regarding age of house. (Read 2573 times)
barleygirl
Member
Offline
Posts: 5
Sellers told us the wrong year regarding age of house.
«
on:
May 24, 2003, 08:29:33 PM »
What do we do now?
We bought our house in 2000, the house was listed as built in 1977, all the disclosures state the house as 1977. We met the man that was raised in this house last week, he said it was built in 1961????? where do we go from here?
Report to moderator
Logged
tedjr
Member
Offline
Posts: 2403
House age ???
«
Reply #1 on:
May 24, 2003, 09:25:11 PM »
You have several options depending on who sold you the property. If you bought thru a Realtor there would be an insurance for errors and ommissions of the Realtor. If you bought directly from the owner he could give you back some or all your money.
Do you still like the house or do you want to move out because it is older than you thought ?
You probably do not want to take something like this to court by sueing the previous owner or Realtor. Damages if actual would be hard to determine. Is the house worth less because it is older. If it is in good condition, remodeled etc house could last 100 years or so. Attorneys charge thousands to handle a claim like this and you may not even win much if you win at all. I am sure that the seller probably did not even know when the house was actually built either and did not try to commit fraud.
I just do not see any reason to do much. The movie Liar Liar comes to mind when the parking lot dude scratched Jim's car.
Thank you,
Ted P. Stokely Jr
11505 Sw Oaks
Austin, Texas 78737
512-301-9171 home
512-587-6177 mobile
Report to moderator
Logged
Ted P. Stokely Jr
San Antonio, Texas
gerald
Member
Offline
Posts: 1
an inside trick for determining age
«
Reply #2 on:
May 25, 2003, 01:45:51 PM »
Toilet manufacturers are required to put the date on their product. I don't know why. But if you look inside the tank you will find the month and year molded against the back wall of the tank. The date will usually be less than a year earlier than the home completion date (allowing for inventory movement by the builder's supplier.)
Of course, on an older home if the toilet was replaced you're out of luck.
Report to moderator
Logged
StacyKellams
Member
Offline
Posts: 237
That's What Appraisers Are For....
«
Reply #3 on:
May 25, 2003, 09:40:23 PM »
Why didn't your appraiser or title company catch the mistake? It's pretty hard to hide the true age of a home.
Report to moderator
Logged
www.RealEstateCourseReviews.com
"Find out which real estate investing courses will really make you money and which ones won't!"
barleygirl
Member
Offline
Posts: 5
Sellers told us the wrong year regarding age of house.
«
Reply #4 on:
May 26, 2003, 10:29:00 AM »
Our neighbor said they just got away without paying taxes until 1977. I don't know, and at this point don't think there is anything to pursue, as we do love the house, got a great deal, and have just accepted the fact. I didn't know if it would be appropriate to go after anyone regarding all the repairs and upgrades we have put forth into this house, but again we like it and really don't want to stir the pot. As for the appraisal and Title Co., I don't know why, maybe they didn't think to question it. Nothing has ever been questioned, someone did mention their house was built in 1977 and had a more updated look and a newer floor plan, other than that, we never questioned it.
Thank you for all your replies, I didn't know if it was "ethical" to ask for the repair and updated cost that we have endured.
Report to moderator
Logged
furnishedowner
Member
Offline
Posts: 1640
Re: Sellers told us the wrong year regarding age of house.
«
Reply #5 on:
November 16, 2009, 07:56:33 PM »
Toilet tank lids get broken and replaced all the time and are not a good way to date a house.
When I sold real estate in California, estimated dates were often off by decades. My feeling was that homeowner's insurance was more costly and difficult to get for older homes. So if the agent said, "When was your home built?" and you replied, "I don't know," then the agent, who hadn't even seen the place, would just guesstimate. Appraisers didn't have a clue about building styles, so 1920's and 1930's bungalows would get labeled 1950.
I don't understand why a 1961 house would be inferior to a 1977 house. There was some bad wiring built into a lot of 1970's-era housing. Both would have drywall, not lath and plaster, similar roofing material, etc. It's more about the maintenance and improvements than about the age of a house.
Furnishedowner
Report to moderator
Logged
BLL
Member
Offline
Posts: 2015
Re: Sellers told us the wrong year regarding age of house.
«
Reply #6 on:
November 16, 2009, 10:24:23 PM »
There's nothing you can do unless you can prove damages.
Report to moderator
Logged
Pages:
[
1
]
Tweet
Real Estate Investing Forums
|
Real Estate Investing
|
Asset Protection, Legal and Contract Issues, Income Taxes, 1031 Exchanges
(Moderators:
$Cash$
,
Bluemoon06
,
kdhastedt
,
Mdhaas
,
motivatedceo
) | Topic:
Sellers told us the wrong year regarding age of house.
« previous
next »
Jump to:
Please select a destination:
-----------------------------
Real Estate Investing
-----------------------------
=> Carlton Sheets, Beginners, Courses, Gurus, General Forum
=> Bird Dogs, Wholesaling, Flipping Properties Forum
=> Foreclosures, Short Sales, Tax Foreclosures, Tax Liens Forum
=> Sub2, Owner Finance, Options, Lease Options Forum
=> Rehabbing, Landlording Forum
=> Financing, Hard Money Lenders, Credit, Qualifying
=> Asset Protection, Legal and Contract Issues, Income Taxes, 1031 Exchanges
=> Commercial, Mobile Homes, Self Storage, Notes, Land Forum
=> Marketing Forum
=> Random Ramblings
-----------------------------
Investor Networking
-----------------------------
=> Network With Other Investors
1 Hour
1 Day
1 Week
1 Month
Forever
Login with username, password and session length
Powered by SMF 1.1.8
|
SMF © 2006-2012, Simple Machines LLC
Loading...
Anti-Spam Policy
|
Compensation Disclosure
|
DMCA Notice
|
Earnings Disclaimer
|
External Links Policy
|
Privacy Policy
|
Terms And Conditions
|
View Cart
©2002-2012 All Rights Reserved. REIClub.com