Skip to content
×
PRO Members Get
Full Access
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime.
Level up your investing with Pro
Explore exclusive tools and resources to start, grow, or optimize your portfolio.
~$5,000+ potential annual savings on vetted partner products
10+ deal analysis calculators with ready-to-share reports
Lawyer-reviewed leases for every state ($99/package value)
Pro badge for priority visibility in the Forums

Let's keep in touch

Subscribe to our newsletter for timely insights and actionable tips on your real estate journey.

By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions
Followed Discussions Followed Categories Followed People Followed Locations
Real Estate Agent
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 10 years ago on . Most recent reply

User Stats

7,341
Posts
10,051
Votes
Mindy Jensen
#1 Questions About BiggerPockets & Official Site Announcements Contributor
  • BiggerPockets Money Podcast Host
  • Longmont, CO
10,051
Votes |
7,341
Posts

Double-check your Seller Property Disclosures BEFORE uploading

Mindy Jensen
#1 Questions About BiggerPockets & Official Site Announcements Contributor
  • BiggerPockets Money Podcast Host
  • Longmont, CO
ModeratorPosted

I showed a house today, but only after emailing the listing agent, then calling him, and finally calling the office to ask about the Seller's Property Disclosure. 

Backstory, my area is super hot, and any property sitting on the market more than 10 days has something HUGE wrong with it.

My clients found this property and asked to see it. I set up a showing and while doing research on the property, opened the SPD. Imagine my surprise when I read the "Other Disclosures" section and saw the seller had checked YES to:

Property was previously used as a methamphetamine laboratory and has not been remediated to state standards.

Wait, WHAT?!?

I do not wish to enter an unremediated meth house, nor do I want to take my clients through a house like this. It seems to me this sort of thing should be included in the Broker's Remarks!

Anyway, the receptionist at the listing office was able to get in touch with the seller who said that was a mistake on her part. 

The showing didn't go over so well - there is a reason it hasn't sold yet. Some potential foundation issues, weird yard layout and just about the least attractive kitchen ever add up to an odd duck. The foundation issues make me leery - the rest are easy fixes.

Anyway, I just wanted to give a heads up - Double check your SPD before uploading it to the MLS. Ask the seller if they really mean to say it's an unremediated meth house!!!

Loading replies...