Well, the home inspection didn't go as we had hoped. I said at the beginning of the negotiation process that I would much rather lose this house because of a bad inspection report than because we couldn't reach a monetary agreement with the sellers, because the reality is I don't want to buy a crap house. I think I jinxed myself. The inspector found foundation issues- mainly a cracked and sagging girder (which is what was making the dining room floor slanted), and there were moisture/water problems that affected some of the siding, roof and attic. We started out thinking the inspection had gone OK, and that if the foundation/girder issue was fixed that we would still buy the house, but as we read the full report together last night my heart began to sink. There were just too many problems. We sent the report to my Dad, Rob's Dad and step-Dad, and everyone said basically the same thing, we should walk away. So that's what we are doing.
I know what people will say, because I would tell others the same thing if they were in my shoes...It wasn't meant to be, the right house is still out there, there are always new homes coming on the market and you will find one even better than this one, at least you found out about these problems now and you won't be paying for them down the road. While I know all of those things are probably true, it doesn't take away the fact that we spent almost a whole month of time and energy on finding a house that we won't get, the $400 we spent on the inspection, the countless hours Rob spent on paperwork and phone calls with our realtor, lenders, etc. and the fact that we fell in love with the house and now have to say goodbye to it. We are disappointed and discouraged and the last thing we feel like doing is starting all over again, but that is really all we can do. So, back to house hunting and looking up homes online...can't wait!
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We had a house we were set on. 2 stories, 3 bedrooms, 1600 sq feet. And the inspection turned up termites, which the current owner refused to believe and therefore would not have treated. We walked away and like you, lost the inspection money. It sucked. Totally sucked. However (you knew one was coming) it didn't take long before we found another great house, also within our budget and in a similar part of town. That's where we live now. A house with repairs before you can move in is a huge investment. You are right to not want a crap house. I think long term, you will be happier with a house that requires less fundamental fixes. And maybe by finding a new house, you can find a neighborhood you are more enthusiastic about which honestly is important because unlike countertops or paint, the neighborhood is not something you can change.
ReplyDeleteHey and if worst comes to worst, maybe your inspector, like ours, will give you a discount for being a "returning customer." Oh the benefits of making offers on multiple homes!