I did a home inspection yesterday with my first-time buyers in Colonial Village of Sacramento and had some pretty interesting things happen. The house is a short sale and during escrow the price has jumped about $7,300. (Net sheet blunder on the part of the listing agent and banks that don’t want to talk!)

Anyway, my clients love the home, see the potential and – eventually when they have built up enough equity – will rent it out and move to a bigger, better home. The house has two bedrooms and one bath and was someone’s failed flip. A rough wall has been placed between the kitchen and dining area in the hope of turning it into a third bedroom. (By the way, I see people do this all the time – bedrooms must have closets to be bedrooms!) So we went from room to room turning on switches and then waiting for some light or something to come on.

In the bathroom, as soon as the switch turned on, there was a “whirrrr!” sound. Except there was no exhaust fan. Well, there wasn’t one we could see anyway!

Any wonder the last few flippers failed?

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