We got the house!

posted 2 years ago in Home
Post # 2
Member
4797 posts
Honey bee
  • Wedding: May 2014

howtobeawife:  CONGRATS!! I’ve bought 3 homes and only had troubles buying the 3rd time. We had an offer accepted and had the inspection done. It went TERRIBLE! There were MAJOR things wrong with it and of course I had fallen in love with the house. It was old and darling!

Well in all of this I learned that in that city (St Paul) the seller has have a mini inspection done and provide that info to the potential buyers. He didn’t do that. So I reported him to code enforcement, they opened a case, and it cost him thousands to repair everything (this was all available to see on the City’s website). I couldn’t NOT turn him in, though, because there was a a HUGE electrical problem and I couldn’t bear the thought of an unsuspecting family with kids moving in and being burned in a fire.

BUT, I think that was kind of a fluke and I’m sure yours will go smoothly. It’s so exciting and fun to make a house your own!

Post # 3
Member
1055 posts
Bumble bee
  • Wedding: September 2013

No personal experiences to share, but I wanted to say Congratulations!!

Post # 4
Member
2364 posts
Buzzing bee
  • Wedding: November 2014

Post # 5
Member
6000 posts
Bee Keeper
  • Wedding: October 2013

We just bought our first home in May. Like you, we put in an offer that got accepted and closed a month later. Make sure you find a mortgage company ASAP and keep on top of them to make sure they aren’t just sitting on your application. The bank we used were literally sending our lawyer papers the morning of our closing. We even had to turn back around to sign another paper they sent right after we left. I’m pretty sure I called them almost everyday for a couple weeks to make sure they had everything they needed and to make sure they were communicating with my realtor and lawyer. I would really recommend using a real estate lawyer. He really helped when it came to getting the title and making sure it was ok. He also made sure all the paperwork looked good before we closed. I would have been lost without him.

As far as the inspection, ours went fine. There were a few minor things that needed to be fixed and the seller agreed to all of them.

I also want to note that we decided to do our final walk through the morning of closing and noticed a huge cash in the wood floor from the sellers moving stuff out. Unfortunately the only way we could ask for them to pay for it would be to delay closing. We didn’t want to so we had to eat that. I’d recommend doing the final walk through earlier in case you run into these kinds of things.

Post # 8
Member
4797 posts
Honey bee
  • Wedding: May 2014

howtobeawife:  Oh you are?? Neighbors! Lol! I’d just google your city and Truth in Housing, that’s what they call it. Most other places we looked did NOT have the sellers do that, but St Paul did. Actually I wish they all did, it would really help. Congrats fellow Minnesotan!!

Post # 9
Member
1891 posts
Buzzing bee
  • Wedding: September 2014

Congrats!!! That is so awesome! That is one of my future goals/dreams! I hope it is all that you want and more!!!

Post # 10
Member
2657 posts
Sugar bee

Congrats!  That’s so exciting!  Inspections are always going to turn up something new – that’s just what they’re for.  The house we bought was not very old (about 10 years old at the time), but we still found issues with window seals, the roof, and the water heater.  The seller gave us a credit to pay for those repairs and they even had a warranty on the windows which made that repair free for both of us.  But, do your research and find a good inspector and things will go much more smoothly.  Good inspectors are always worth the time and money.

Post # 11
Member
2791 posts
Sugar bee
  • Wedding: May 2015 - Walnut Hill Bed & Breakfast

Our inspection didn’t find anything major but when the appaiser went out he mentioned an issue that the inspector had said was minor – a little settling in the foundation. He said it looked like it has settled when they built the house and as far as he could tell it didn’t look like it had moved since. We had professionals come out to look and they agreed that it just needed ‘monitored’ and not fixed. However, the appraiser wouldn’t approve the financing without it being fixed.  It was a real pain finding a company to do the work for a reasonable price and scheduling it since we didn’t own the house and they wanted to speak to the owners. The owners would only pay half since everyone who came out to estimate the work said it didn’t *need* fixed. So that was a real pain and pushed back the closing date which would have been fine except that we locked in our financing rate before that and it expired before we could get it fixed and we had to pay a fee to ‘extend’ the rate. Annoying. 

Post # 12
Member
6000 posts
Bee Keeper
  • Wedding: October 2013

 

howtobeawife:  oh yeah, they also had plants on the wood floor and when they moved out it was revealed that they caused discoloration on the floor.

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