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
×
Try Pro Features for Free
Start your 7 day free trial. Pick markets, find deals, analyze and manage properties.
All Forum Categories
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

All Forum Posts by: Lenin Belangonda

Lenin Belangonda has started 14 posts and replied 38 times.

@Andy Luick - Inspector did not find any electrical or other issue with the partition. Its a partition with door. No electrical wiring seem to be passing through the wall, atleast not I could see or noted in the inspection. As @Walt Payne points out my worry is about any issues with future sale or tenants.

@Account Closed - As you said i guess its experience that matters on issues like this. Thats why seeking advice from experienced people like you and thank you all for your valuable inputs.

Hi, I have earlier posted a question in BP reg unpermittted room addition. Now there is another issue in the same house, termites. Seller provided termite clearance but i watned to get second opionion so did inspection with a different company. They found termites, this is before removing contingency. First i wanted to walk out but then doing my research it seemed its very hard to find a house without any termite issue in california. Since the issue was only oust side of the house (balcony) i was told its treatable and safe to buy. Since its section1 we asked seller to fix it. My agent said i can remove contingency because as per law they have to fix section1 issue before closing.

So then just days before closing seller provided termite clearance. I again hired another termite inspection company, they came out and found the issue again. Seller agent said they have termite clearance and they are not going to do anything. But then my inspector showed the obvious evidence which convinced the listing agent it has to be fixed. So they are talking to the company that provided the clearance to fix (they have 1 year warranty).

My question is should i wait for the work to complete or as my agent is advicing proceed with closing.

Thank you all for your response. In my case the seller disclosed it and my agent says he forwarded it to me. I am not sure if he is telling the truth but even if he is as @Peter K. pointed out he should have explicitly talked about it. But since its not sellers fault i really dont know how to get them pay for it. Buyer agents are supposed to be helping buyers but its really hard to find such agent, all they want is to close the deal and get the money.

And appraiser - not really sure if it was a honest mistake. The comparables taken are all much nicer newer houses. Some of the houses are 12 years newer but no credit given towards the age of the house. But this house got a 5k value added for the 5th bedroom. So it looked like the intention is to appriase it for the loan.

Thanks and . Yes the closing is days away and the listing agent actually disclosed it. I didnt read it or sign it, so dont think i can get any discount at this time :(

I really appriciate your answers, i am new to this forum and already love the help i am getting. Thanks again.

Thanks Marie, your answer is very helpful. I am not paying cash, not sure how its not noted in the appraisal. I am planning to rent it out, will there be any problem renting it out (other than sec8 tenant)?

Thanks Andrew. Inspection did mention about the room. But it only points out to the different wall texture and states that it looks like an addition. There is nothing in the appraisal, the home is considered as 5 bedroom (including the additonal one) for the purpose of appraisal.

Hi, I am buying a home in southern california. This home has a bonus room that was converted into two bedrooms by constructing a wall in the middle with a door. There is no permit and also building codes were not considered. This is stated in the sellers disclosure which was not sent to me by my agent (by mistake). When i am asked to sign the disclosure i noticed this but i have release all contingencies alreaday and only few days left for the escrow closure. Is it ok to keep the unpermitted room as is. Is it still considered illegal if found even though i didnt make that construction. Appreiate any expert advice on this, thx.