CHAPTER 4 Real Estate Horror Stories
"Learn from the mistakes of others. You can't live long enough to make them all yourself." - Eleanor Roosevelt
Home buyers, especially first time homebuyers, can be the victims of real estate horror stories. Here are a few examples. Ron and Jenna were planning on upgrading to a new home. After a long search, they found it — or so they thought. A bright and colourful kitchen, open living and dining areas, three bathrooms, high ceilings, a fireplace, and even a covered porch made the home seem perfect. They were especially thrilled that the price was only $535,000. That was a steal. They signed the contract and were in the house a little more than a month later. Less than six months later, the horror story began to unfold. Jenna was cleaning one of the bathrooms when she noticed tiny little ants with wings. Following Ron’s advice, she called the exterminator. When he arrived, he delivered the first blow — these winged ants were termites . The exterminator went under the house to assess the damage. He found the floor under the bathroom completely infested and the infestation was spreading to more of the house.
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