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MAPPED: The States Where Homebuyers Are Most Likely To Be Ripped Off
MAPPED: The States Where Homebuyers Are Most Likely To Be Ripped Off
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BTCCSquare news:
A recent study by MovingPlace.com reveals significant disparities in housing quality across the U.S. Rhode Island, Ohio, and Massachusetts top the list for states with the highest proportion of 'lemon' homes—properties plagued by undetected issues like foundation damage, faulty plumbing, and electrical problems. These states, primarily in the Rust Belt, contend with aging housing stock and harsh weather conditions.
Nevada, Florida, and Utah emerge as the safest bets, with homes least likely to conceal costly defects. The findings underscore the risks in America's rapidly aging housing market, where buyers face mounting repair costs. Due diligence—inspections, disclosures, and historical research—is critical to avoid financial pitfalls.
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