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Buyer Due Diligence Update II

Alpha Environmental is working on decommissioning the leaking oil tank. At last check, the hole had been dug out about four feet beneath the bottom of the tank. The top and bottom of the tank have been cut …

Buyer Due Diligence 5: Stucco

Rewriting this as somehow it saved the title and nothing else. Stucco has been around for 100s of years. It’s recent history is scared by EFIS which was a synthetic stucco which has a history of failing or …

Buyer Due Diligence 4: Lead Based Paint

Unless it has already been stripped, a 1906 home has lead based paint. The Oregon Earnest Money Agreement (the purchase contract) has a provision for testing for lead based paint separate to the professional inspection period. For you …

Buyer Due Diligence Update

I’m still holding off giving the address of the house that we are buying (I want to wait until I have loan approval which will require the results of the appraisal taking place today). Without discussing the financials …

Buyer Due Diligence Part 3: Thar’s Oil in Them Thar Ground

The house we are buying has fairly new oil furnace (2000 according to PortlandMaps’ online permits). PortlandMaps also shows an oil tank installation of a 675 gallon oil tank in 1950. Sampling the soil around the tank was …

Buyer Due Diligence 2: Sewer Scope Results

A lot has been going on in the background for our project home purchase. I’m going to hold off on providing the address until after the inspection period is over. If you happen to figure it out or …

Buyer Due Diligence Part 1

With our accepted offer yesterday, I have 10 business days for the inspection period. I have to decide what inspections to do. The Oregon Property Buyer Advisory should be my guide. It begins: A real estate licensee is …