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Old 05-17-2012, 09:58 AM
 
4 posts, read 20,246 times
Reputation: 10

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Hi,

I bought a property for flip and somehow, my contractor forget to install Smoke Detector in the home. Now question,

1. Is it require to have smoke Detector in the home? I bought it from Bank and there was no smoke detector. This property build in 1960.

2. Is it compulsory to give Seller's Disclousers? I bought it from Bank and Bank didn't give any disclosure to me. Just checking the possibility as am thinking of buying property far from my home town and I may not be able to see the property at all before fix-up. Just checking.
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Old 05-17-2012, 10:05 AM
 
Location: Columbia, California
6,664 posts, read 30,607,140 times
Reputation: 5184
Smoke detecters cost $5 at Home Depot, why cheap out?
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Old 05-17-2012, 10:25 AM
 
Location: Poway
1,447 posts, read 2,744,457 times
Reputation: 959
If you did any work on the house over a certain value I think you have to smoke detectors in every room. Our contractor told us this after we put a new roof on our house several years back. Yes, smoke detectors are cheap.

There is also a new law that every house must have a carbon monoxide detector. I have yet to re-install mine because of false positives.
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Old 05-17-2012, 10:29 AM
 
2,986 posts, read 4,575,988 times
Reputation: 1664
lol, people who flip kind of enrage me. no offense but this nonsense is part of the reason we got into this mess to begin with. i hate seeing that a house was bought last month and is now being resold for 90k more than it was just bought for

i don't know the answer to your question though, sorry
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Old 05-17-2012, 10:36 AM
 
Location: Mokelumne Hill, CA & El Pescadero, BCS MX.
6,957 posts, read 22,304,764 times
Reputation: 6471
Smoke detectors and Carbon Monoxide detectors (as of July 1, 2011) are REQUIRED by the state of CA. The banks agent should have had the detectors installed, banks are NOT exempted from the requirement.

The FAQ is here: http://osfm.fire.ca.gov/strucfireeng...20Monoxide.pdf
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Old 05-17-2012, 10:53 AM
 
4 posts, read 20,246 times
Reputation: 10
It's not a question of Money. Property is too far from my Home Town and now contractor is not ready to go there. Long story. Remodeling is not that easy job. Am thinking of disclosing this when I put it in the market. I don't have any plan to rent it.
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Old 05-17-2012, 10:56 AM
 
4 posts, read 20,246 times
Reputation: 10
To be honest, many times flip homes are lot better as it comes with lot of good things. And it's buyer's responsibility to have proper home inspection. It's not fair to save money on those things.
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Old 05-17-2012, 11:46 AM
 
Location: La Mesa Aka The Table
9,821 posts, read 11,540,655 times
Reputation: 11900
Yes they are required along with carbon monoxide detectors.
They are really easy to install (just a screwdriver and 5 mins of your time)
Either do it now Do or get stuck doing it before closing!
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Old 05-17-2012, 11:52 AM
 
Location: Santaluz - San Diego, CA
4,498 posts, read 9,381,990 times
Reputation: 2015
Quote:
Originally Posted by GMUAlum08 View Post
lol, people who flip kind of enrage me. no offense but this nonsense is part of the reason we got into this mess to begin with. i hate seeing that a house was bought last month and is now being resold for 90k more than it was just bought for

i don't know the answer to your question though, sorry

I don't have any problem at all with today's flippers. Most of them these days are buying their flip homes with cash. That was quite different than during the bubble years. Yes, during the bubble years, many flippers were morons but more so the banks and finance companies were at fault for allowing these people to take on such leverage.

All the power to the flippers if they can get what they are asking. I have a good friend that is flipping houses and apartment buildings in Sacramento and making a killing. He is going in with cash and flipping. One building he just bought, someone offered him $200,000 more than he paid just a few weeks after he bought it. So you can't fault these guys if they can get it....
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Old 05-17-2012, 12:02 PM
 
148 posts, read 279,523 times
Reputation: 134
Quote:
Originally Posted by earlyretirement View Post
i don't have any problem at all with today's flippers. Most of them these days are buying their flip homes with cash. That was quite different than during the bubble years. Yes, during the bubble years, many flippers were morons but more so the banks and finance companies were at fault for allowing these people to take on such leverage.

All the power to the flippers if they can get what they are asking. I have a good friend that is flipping houses and apartment buildings in sacramento and making a killing. He is going in with cash and flipping. One building he just bought, someone offered him $200,000 more than he paid just a few weeks after he bought it. So you can't fault these guys if they can get it....
+1
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