(Closed) Walk away after home inspection?

posted 5 years ago in Home
Post # 3
Member
2023 posts
Buzzing bee
  • Wedding: May 2013

I would try to make the seller pay for these things!  Thats a lot!

Post # 4
Member
955 posts
Busy bee
  • Wedding: November 1999

I think I’d walk away from that one– solely on the foundation having issues.  That is going to cost thousands of dollars to fix.

 

That would be a deal-breaker for me….and all the other issues?  Have you seen the movie “The Money Pit”?  That’s what that house sounds like!!
 

 

Post # 6
Member
5423 posts
Bee Keeper
  • Wedding: November 2012

It sucks to say but I would walk and eat the money.  It is a lot of work and houses up your way do not come cheap!  If you really really want this house I would demand the flipper fix all the issues they caused big and small.

Sorry this happened to you, but it does sound like this house is going to be a money pit.

Post # 7
Member
2961 posts
Sugar bee
  • Wedding: May 2014

In most cases, such a home inspection would give the buyers an edge in terms of bargaining. For example, our basement tended to flood (we have a stream in the backyard). The sellers dropped their asking price by 6K. We bought the house and used $500 of supplies and a whole lot of manual labor to fix the problem, so it was worth it to us. If the sellers are unwilling to negotiate after such a home inspection, I would walk. It’s a buyer’s market  right now.

Post # 8
Member
4040 posts
Honey bee
  • Wedding: August 2013

If the contractor screwed up that much that you can see, I’d be worried about what you can’t see. What did he screw up behind the walls with plumbing or electric? I’m not sure I’d trust the house or the contractor. 

Post # 9
Member
43 posts
Newbee
  • Wedding: September 2013

Run away.  Foundation issues, if they can be fixed, are incredibly expensive.  Not to mention the termite damage and some of the electrical not being up to code.  If the wire is not up to code in the basement, there are probably other places its not up to code as well.

Post # 10
Member
4371 posts
Honey bee

I would walk away from a house with cracked foundation. Even if you fix it, that crack came from somewhere/something, and it’s likely it can happen again.

Post # 11
Member
2023 posts
Buzzing bee
  • Wedding: May 2013

@Glasgowbound:  This.

Reminds me of HGTV’s Holmes on Homes.

Post # 13
Member
11272 posts
Sugar Beekeeper
  • Wedding: April 2012

@kay01:  these are not small issues and there are a lot of them.  i would back out now.  i would be very concerned about this “reno” as a whole due to the issues that this contractor created.  they probably didn’t use proper tradesmen.  what other issues will you uncover in months down the road.

walk away.

Post # 14
Member
5494 posts
Bee Keeper
  • Wedding: August 2011

The foundation problems are a big deal.  I would walk away from the house based on that.  

Post # 15
Member
2440 posts
Buzzing bee
  • Wedding: September 2013

@kay01:  I would walk away. There are some issues that are worth working with the seller on, or working on yourself as the new owners. However, that is a long to-do list, and some of those were obviously caused by, and ignored by the seller. I wouldn’t trust them- but I would trust for other issues (likely cosmetic) to show up after you move in.

Post # 16
Member
1849 posts
Buzzing bee
  • Wedding: May 2014

A cracked foundation and termite damage would be hands-down deal breakers for me on any house that I’m not getting for dirt cheap. 

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