(Closed) Walk away after home inspection?

posted 7 years ago in Home
Post # 62
Member
13095 posts
Honey Beekeeper
  • Wedding: July 2010

It sounds like this contractor did a beyond shoddy flip job on this house.  I think it sounds like a money pit with way more problems than it will be worth.  I’d walk away.

Post # 63
Member
3 posts
Wannabee
  • Wedding: April 2012

I hope whatever you go with works out. I can you’re kind of still on the fence about this, but I personally would not go for it.

Unless you are getting this house at an absolute steal, this seems like a lot of stress just waiting to happen. 

Post # 65
Member
1529 posts
Bumble bee
  • Wedding: February 2012

@kay01:  

I can tell you that a lifetime ago I bought a fixer-upper. It had cracked bricks and a warped floor. It looked like a cracked foundation to me, but I’m not an inspector. Because of the deal, I bought the house.

Many years later it comes time to sell;

No one wanted to buy it!! – after multiple inspections wth many different prospective buyers. ACK! I could have been stuck with that house, if not for an inspector who wrote a report that said it was an 80 year old house and it had settled and had not likely moved in the last 30 years.

I was very, very lucky. Lesson learned. Never buy a house with obvious issues because one day those issues will come back to bite you. They bought the house.

ETA: You made the right decision. Smile

Post # 66
Member
1444 posts
Bumble bee
  • Wedding: May 2014 - Paradise Gardens

 

@kay01:Well we just had this expreience just a few weeks ago. We decided to walk away from the home because it needed too much work and the seller was not trying to credit us any closing fees or do any of the repairs needed.

It sounds like your potential home–unlike ours is fully renovated and you would LOVE it when/if you guys moved in–meanning no additions would be needed.

I would say try to get the seller to pay for at least half the costs, or think about whether or not you would be fine living with some things as is (i.e. fire place flutes/pool inspection).

If those are things you could live with until you guys get some extra funds call it a wash, and focus on the neccesities when it comes to you living in your home comfortably. What I am really saying is, ask yourself if the home will work for you guys and be functional until you can repair some of the issues.

Also think about the overall cost of the property and weigh out whether or not it is worth the price in addition to the work that still needs to be done.

–Also is this your forever home or starter home? That’s important as well (ours was a starter home). We have since held out and found something fully renovated and ready to move into for 19K more! Good luck and keep us posted.

The topic ‘Walk away after home inspection?’ is closed to new replies.

Find Amazing Vendors