(Closed) Walk away after home inspection?

posted 7 years ago in Home
Post # 32
Member
8866 posts
Buzzing Beekeeper

Walk. Especially if the sellers have already proven reluctant to negotiate. It might be that they have to get a certain price because that’s what they own the bank. If that’s the case, they’re not going to discount any for the repairs. They’ll let you go and hope the next guy’s inspection is less comprehensive. It will just be a waste of your time and the extra money for additional inspections. Also, there will ALWAYS be things that need to be fixed that are not identified by the inspection, or that are in perfect order at inspection time but konk out a month after you move in. With this place already needing so much work, I would pass. 

Post # 34
Member
738 posts
Busy bee
  • Wedding: October 2013

WALK AWAY!!! I was devastated to have to walk away from a house we put an offer on with WAY less issues than this. It was the best choice I ever made. Two weeks later I found my house that I am living in now. 

Every home has issues, but those are a lot of significant ones to start off with right off the bat. Move on, you’ll find something better!

Post # 35
Member
3570 posts
Sugar bee
  • Wedding: September 2011

termites = walk away!

Post # 36
Member
330 posts
Helper bee
  • Wedding: September 2011

I’ve always heard to be wary of “flipped” homes because a lot of times they cut corners and make things look nice but it doesn’t last.

Also, foundation problems and termites are non-negotiable in my mind. Walk (run) away.

Post # 37
Member
1337 posts
Bumble bee

This is one I would walk on. When I bought my house I knew there were things that needed to be fixed and altogether it was about 25K worth of work and it wasn’t even as bad as the things you are describing here. A house is business decision in the end. Yes it is a place to live but you need to make sure that emotion isn’t swaying your decisions.

Things i did to my house…some new siding on the garage, new cement porch poured, new insulation in old attic, new window in hallway, deck fixed to house, entire house painted…that was about 5K. And a lot more!

 

Post # 38
Member
827 posts
Busy bee
  • Wedding: May 2012

I’m a structural engineer, and although I don’t know the extent of the foundation cracks – I would be more worried about the termite damage.  I would walk away if a home inspection showed termite damage.  It’s just not worth it.

Post # 39
Member
5399 posts
Bee Keeper

Walk. Termite damage + structural issues = bad! Not worth it!

Post # 40
Member
6256 posts
Bee Keeper
  • Wedding: March 2014

I walked away from a house with a great deal of termite damage and in need of a new roof. It was beautiful, and I still think about it, but this happened right before the bubble burst, so I am not sorry.

Post # 41
Member
4655 posts
Honey bee
  • Wedding: August 2013

@JaneyDcat:  Ex.ac.tly what I was thinking.

I’d either insist the seller fix all of those things on their own dime (especially the hot water thing) or I’d walk away, that sounds like a total mess.

Post # 42
Member
955 posts
Busy bee
  • Wedding: November 1999

@Bebealways:  Threads like these scare the pants off of me– but it’s good that we all learn this stuff!!  How the freck did people buy houses pre-internet days and not get completely ripped off???

 

 

 

*I lucked out.  I married a mechanical engineer.  My husband actually had to point out to the inspector that the electrical panel in our house wasn’t up to code!  Hubby is now working on rewiring the entire house….and doing it all by the book.   

Post # 43
Member
1144 posts
Bumble bee
  • Wedding: December 2011

I would get quotes for the work and then add 10 percent then subtract that from the lowest accepted offer that is if we LOVED the house. But Darling Husband and i are engineers and likely wouldn’t buy a flipped house ever.

Post # 44
Member
1181 posts
Bumble bee
  • Wedding: August 2013

Walk away-that House has way too many issues to buy! Who knows what else is wrong…

Post # 45
Member
10363 posts
Sugar Beekeeper
  • Wedding: September 2010

I would walk away.

It’s definitely a problem with flipped houses – they do the minimum amount of work to put it back on the market, hoping that nobody will look beyond the decor they’ve upgraded. Not worth the risk. Just think of all the stuff the inspector couldn’t see!

Post # 46
Member
1830 posts
Buzzing bee
  • Wedding: January 2013

Foundation issues=run away!

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