Skip to main content

First Time Homebuyers Inspection: When to know to Walk Away

Hello Reddit! After 8 years of renting and apartment living, my husband and I are under contract for our first home. Unfortunately, the initial inspection results haven't been great.

We're looking at about $15K in estimated repairs, likely due to a rushed investor flip. Major issues include plumbing, roofing, and electrical work. Although the house looks great on the surface, I'm concerned there could be more urgent hidden issues that will come back to bite us in the near future.

My question is, as a nervous person with no experience with this process: Even if the seller agrees to handle all repairs before closing, how do we know when it's time to count our blessings and walk away?

Appreciate any advice. Thank you!

submitted by /u/colorbaux
[link] [comments]

source https://www.reddit.com/r/RealEstate/comments/1gawm07/first_time_homebuyers_inspection_when_to_know_to/

Comments

Popular posts from this blog

North Carolina – “One to Buy; Two to Sell”

I realize I will likely have to contact a real estate attorney but also hoping to hear insights and experiences from others! I have a house in NC that I bought by myself in 2009, and paid off, in full, in 2022. I got married in 2023. My spouse and I have not lived in the house as our "marital residence". We have maintained separate residences even after we got married. (That a separate topic!). I am now selling this house. Realtors have told us that my husband has to sign the deed at time of transfer but I am not convinced since the house has not been our marital residence. The realtors like to use the phrase "one to buy; two to sell", which seems like a broad-stroke statement which is not applicable under all circumstances. And of course, the realtors don’t realize the details of my specific circumstances: I purchased and paid for the house in full prior to marriage Only my name is on the deed And most importantly, we have never lived in the house as a marit...

Question With Tricon "Pending ID".....

My wife and i, along with 2 other peopl applied to rent a house, and our application says "Approved, Pending ID". Anyone else know what that means? Do we pretty much have the place or are we missing something? submitted by /u/Itskrueger [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1orixqj/question_with_tricon_pending_id/

Looking for Prospective Opportunities to Utilize Floor Plan Redraw Skills

"Hey HomeOwners & Investors , I have a team of 10 professionals who are trained in redrawing/redesign floor plans in both 2D and 3D interior& exterior using floorplanner.com/3ds Max and TruView point cloud. We're looking for prospective opportunities to utilize our skills. Are there any companies or individuals in need of accurate floor plans and measurement reports ? Any suggestions for where to start looking? Thanks in advance for your help!" submitted by /u/mangojuicelife [link] [comments] source https://www.reddit.com/r/RealEstate/comments/119uoh0/looking_for_prospective_opportunities_to_utilize/