Steve D. Valentine found a 1,000-square-foot addition built without permits during a house inspection. The sellers offered partial compensation, but he estimates losing $10,000 to $20,000 to keep his word and close the deal anyway.
I could lose a little money on this one. How much you talking? All right, dude. What's popping? What's one problem you're currently in the middle of solving this week? One problem I'm currently solving this week. We had to solve for a house that we're in the middle of purchasing and come to find out that the 1,000 square feet on it were added with no permits, which is going to cause a problem. So I unfortunately had to call an agent, let her know, and try to work through to solve the problem to still get to where we needed to. I could lose a little money on this one. How much you talking? Maybe $10,000 to $20,000. Now, here's why. I think it's going to be okay. But I'm going to lose $10,000 to $20,000 because I want to honor my word. You know, in the transaction. And I had— the sellers were super graceful and contributed a little bit more to the problem that I found. And I found the problem outside of the inspection period. It just came up when we looked at something different. Nothing I can do about it. So, I asked. It didn't make anybody's day great yesterday. But we worked through it. We got it resolved this morning. We're going to close on it. And then we're going to see what to do with this POS. Wish me luck. Hehehe.
It’s Not What Your House Is Worth; It’s What It Can Do for You (Pause, Identify, Respond)
