So, I’m looking to sell a house I’ve been living in for the last three years after finding a new home a trying to grow my family.
Long story, short. I moved into a family home before my grandmother passed away for college and to keep my family expenses down. Got divorced and bought the house from my father and his brothers after my grandmother passed away.
I’m still not sure how the house passed a VA Appraisal.
The house was bought for 55k and appraised for 61k. While it has a new electrical box, it has old knob-and-tube wiring, that has hazards that run to the garage. My father put in a claim for roof damage before I moved in (kept the money) and said I should take out extra to replace the roof. There’s water damage, but not specifically because the roof is bad, but because the roof was not put on correctly and the valley the runs above a front room overlaps incorrectly and water leaks in. I assume there’s mold in parts of the attic. There is a broken support beam in the attic of the house that is causing the ceiling to slump, so that’s a concern of mine.
The foundation is sinking in the middle of the house pretty significantly. My father said he fixed a spot by a room, but look around the exterior of the house, you can see brickwork coming loose from the corners of the house’s foundation.
Also, there was termite damage that was allegedly fixed and treated yearly for 10 years, but there is a large tree that has a large dead section and obvious marks of a previous termite infestation.
I don’t have a large amount of money to fix the problems, and need another home as this one is a money pit and doesn’t fit the size of my family anymore. I realize that I should’ve known, but I trusted that my family was being truthful when they said I was getting a good home. Now, I feel like I will be paying on this house for the next 20 years to sit empty and waste my money as it’s not worth half of what I bought it for with the amount of work that needs done.
I need options, and I’m worried I’ll be forced to stay here at this point. Is there any legal repercussion on the VA Appraisal company because of all the issues with the house? Are there any real options I can take to get rid of the house, aside from the obvious fix it on my own (don’t have good handyman skills, no nothing about fixing these large issues)?
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source https://www.reddit.com/r/RealEstate/comments/cjkegr/issues_with_selling/
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