So we took another run at a place in Calgary. Really nicely updated bungalow in Canyon Meadows. This time it fell apart as we discovered it was a former grow op. We were doing some looking into some of the previous listings of this address and our realtor saw the note in the old file.
Was surprised to discover that sellers are not obligated to reveal this info which seems really underhanded. Especially since when we spoke to our mortgage broker he confirmed that most lenders will not finance a home that is known to be a former grow op. It can be difficult to get insurance on a property like this as well.
I am thankful the seller did not accept our initial offer otherwise we might have been in for a pile of headaches. I would imagine the seller has some regret as well since they were already aware of the issue. I suppose they figure they can maybe fool someone else?
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