Tetunte69, Both Buyer and Seller in California

I want to buy a fixer upper. Will it have to be inspected after I fix it?

Asked by Tetunte69, California Fri Aug 29, 2008

Great opportunity to flip this property, I will not make any additions, I'm fixing only whats already there.

Help the community by answering this question:

Answers

5
It depends on where you are buying the property. In the county section of Compton, you don't need a pre-sale inspection, but in the city of Compton you need one. If you are buying in the city of Compton you will need a pre-sale inspection and will most likely have to sign off on a city clearance. When you repair the property you will have to have the city inspector come out and sign off on the repairs. So if you were planning on any additions, you will have to get them permitted.

Let me know if I can be of assistance, I know the area well.

Good Luck!!
Dyanna
1 vote Thank Flag Link Fri Aug 29, 2008
A clean and clear inspection is a great marketing tool to present to potential buyers. For the cost of a professional inspection AND a home warranty, you give the buyers no reason to second guess the quality of the home. They may still want to pay for their own inspection, but it should not find anything since you already fixed everything.
0 votes Thank Flag Link Sat Aug 30, 2008
You won't have to get it inspected but whoever buys will be given the opportunity to inspect even if you sell it As Is. Some areas of Los Angeles require inspections prior to coe depending upon location within LA. I am also a licensed appraiser and do inspections. I'll be able to tell you what renovated value it should bring. Let me know if I can assist you.
Web Reference: http://www.centuryside.com
0 votes Thank Flag Link Sat Aug 30, 2008
Tetunte69,

This depends on the scope of your renovations. All renovations need to be done to code with many requiring a permit.

Your best bet is to contact your municipality to determine their requirements and be on the safe side. You don't want to invest time and money to find that when selling the property in the future.....to do so will require you to remove much of what has been done. This happens..........................it will be inspected for the future sale, which is where many code violations are uncovered.

Good luck,
The "Eckler Team"
0 votes Thank Flag Link Sat Aug 30, 2008
T
May I ask you how you arrived that this strategy?
You might want to read the book FLIP .

Any buyer with half a brain will have a property they plan to purchase professionally inspected. Many municipalities have very strict codes for repairs and updates. For example, if replace a garbage disposal or dishwasher, many require permits.

Another very good book is the Millionaire Real Estate Investor - interviews with 100 top RE investors in the US. Also, a great site for tools, some free http://,www.millionairesystems.com
0 votes Thank Flag Link Fri Aug 29, 2008
Keith Sorem, Real Estate Pro in Glendale, CA
MVP'08
Contact
Search Advice
Ask our community a question
Email me when…

Learn more

Copyright © 2016 Trulia, Inc. All rights reserved.   |  
Have a question? Visit our Help Center to find the answer