Thursday, April 28, 2011

Just Kidding! The Contract Fell Through...

After getting our prospective house inspected, we found that it was "foreclosure quality," to quote the inspector. There was a laundry list of major repairs that needed to happen, and we gave the seller the chance to fix them, but he refused. Consequently, we are WALKING. We are scot-free, and thank goodness for home inspectors!
Here's what needed to be fixed:
-The entire septic system
-The stove
-the dishwasher
-the garage roof
-half of the windows
-concrete stairs on the porch
and
-needed a sump pump installed (after they clear out the 3 inches of standing water)

We assumed the house had been taken care of and maintained. If that were the case, the price would have been good. BUT, it turned out that we would have been over paying by $30,000 or more with all the repairs that needed done.

Whew! I'm glad we can walk away freely and get our earnest money back. It's back to the drawing board!

3 comments:

  1. Oh I'm so sorry! That's aweful! Yes it's a good thing you did an inspection. My dad did ours last week and says everything looks good, and he was free! lol well the drawing board isn't so bad... I kinda miss the hunt! lol

    Good luck on your search!

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  2. I still know of a great place in Gahana!

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