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Thinking of rescinding an offer

Hi folks! I am in a bad dilemma. I put an offer on a house me and my wife really liked and the seller accepted it. It's a 1996 house in a very central spot in Orlando, FL. We have access to a multitude of amenities in a 10 minute radius, it's crazy. When we toured the house, we were informed it had a septic tank, which was strange considering it's right smack in the middle of the city basically. We did some research, and as part of the inspection period we had a septic inspection done. We discovered the pump was dead and hadn't been working; which the seller said would be fixed this weekend (our inspection period finishes this Monday). The septic company also gave us an explanation on how that specific system works. It's not a septic system where the tank is hidden from view, it's a mound septic system because of a high water table. What this means is that there's a small hill-like "structure" about 3 feet high, that takes up about 3/4ths of the entire backyard and it's basically wasted space. We can't do a patio there, pool, anything. The 1/4th of remaining space is not fully usable either because the septic tank and the pump are installed there, so it gives us a very small strip or land where we can do a deck/patio/whatever we want. The rest? It's just a literal mound of crap. just hidden away.

My wife is very disappointed, and though I initially talked her through and said we could manage (seeing the house is very well built, new roof, etc.), but I went to take another look by myself and found myself disappointed as well. Seller will be fixing the pump problem and other small things that were found during the inspection, but I am seriously considering pulling off the offer. I'd just lose the inspection money and would need to restart the whole house hunting aspect of things. My lease is up at the end of October so I still have some time to look around, and my finances are solid, but getting into the crazy market again worries me. I feel like I am against a wall and can't decide what the next step would be.

Am I overthinking this stuff? Just looking for overall feedback really (aka just follow your gut or nope, it'll be alright). Also thinking about future value and how other buyers in 5 years would be worried about such system.

submitted by /u/LordRelix
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source https://www.reddit.com/r/RealEstate/comments/oulqil/thinking_of_rescinding_an_offer/
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