King5's condo cover-up report

Categorized | Condo News - Conversions, Real Estate

King5′s condo cover-up report

Posted September 23 2008 | The Seattle Condo Blog

In case you missed it, here’s King5′s video report on condo conversion defects, as well as a printed version of the story.

They also posted a list of conversions involved in litigation, eight of which are located within Seattle.

This post was written by:

Ben Kakimoto - who has written 711 posts on The Seattle Condo Blog | Seattle Condos and Lofts.

Ben Kakimoto is a condo marketing specialist and publisher of The Seattle Condo Blog. Ben's focus is urban residential properties in Seattle's metropolitan core. Contact Ben to learn more about the Seattle condo and loft real estate market.

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2 Comments For This Post

Jason King says:
October 15th, 2008 at 10:50 am
Thank you for posting this video. I think it’s a good eye opener for people buying conversions. People should also be aware that this can happen on “flip” remodels too.
Disaffected says:
April 3rd, 2009 at 6:34 pm
There are definitely bad conversions out there, but you should also be aware that the ispector-attorney racket behind all of the litigation is quite suspicious. The envelope inspector will fluff out the inspection, saying that practically everything is tragically wrong. Associations are persuaded to litigate, usually somewhat successfully because it is really difficult to tell if there is major damage without ripping the facade off. The attorneys make a pile of cash — and guess what, the inspector somehow makes off with some cash too. I’ve heard inside reports of such things, so be aware. If you get a reasonable inspection on a conversion, you’re probably getting a decent deal when compared to the expense of new construction.

1 Trackbacks For This Post

King 5 Finds Condo Conversions Crumbling | urbnlivn on Seattle condos says:
September 23rd, 2008 at 10:30 am
[...] the last few years has come to light, Investigators: Some condo conversions crumbling (with video) (via Ben): Jobe’s firm specializes in conversion inspections and says the average cost of repairs is [...]