Skip to main content

Down to the wire

We are currently under contract for a home and on day 7 of our 12 day inspection contingency. The general inspection found bowing in the foundation and marked concern for the roof tiles, and recommended further inspection for both. Our realtor (who has been less than ideal in many capacities) was dissuading us from these additional inspections for the reasons below but we’ve decided we have to have them done. I got contacts from another realtor (a friend who I desperately wish I hired instead) and I’m calling today. Assuming we can’t get the final repair report done until day 10 or 11, are we totally fucked??

Foundation issue: stucco is slightly bowed at foundation level on one side of house - realtor said the inspector told her it could just be something to monitor

Roof issue: cement tiles are original (38 yrs old) even though the paper underneath was replaced in 2017 - realtor thinks since the paper/waterproofing was replaced the roof should be fine. Cement tiles have a 40yr lifespan according to our research.

We’re not hoping to find anything but we accepted the sellers high counteroffer because we really want the house. But I’m not overpaying for something that needs extensive repairs.

Would love to know if it’s ever common to do additional inspections this late.

submitted by /u/Powerful_Designer_65
[link] [comments]

source https://www.reddit.com/r/RealEstate/comments/1lcou5s/down_to_the_wire/

Comments

Popular posts from this blog

Aren't comps/CMAs useless with buyer credits at close happening now?

I'm looking into buying a new construction townhouse in my HCOL US city. I'm seeing builders offering interest rate buydowns worth $20k-$60k on $800k homes (rather than just lowering prices) in order to keep their comps high for their other units, now that buyer demand has been declining. I asked my agent about these, and he said these buydowns aren't even the full story: buyers can write all kinds of other credits into an offer, like their closing costs, prepaid sewer fees, etc. Apparently cash buyers can just write in a "buyer credit at close" for any amount in their offer. So a new townhouse that appeared to sell for $800k in the MLS might have actually been a cash offer with a $100k+ buyer credit at close, meaning the buyer only spent $700k or less in total, but to the rest of the world they can only see the $800k! So that made me realize I can't trust comps/CMAs for other new construction townhouses. The sales prices could be way lower than they appear...

How to Avoid Property Scams in Delhi?

Here’s What You Should Know! Commercial Real Estate (Non-Residential) Buying a property in Delhi can be tricky, especially with all the stories about scams and shady deals. If you're in the market, here are some tips to keep yourself safe:Double-check the documents: Always verify ownership and approvals. Don’t just take someone’s word for it—look at the actual papers. Do your homework on prices: Compare similar properties to avoid overpaying. A little research can save you from a bad deal. Work with trustworthy people: Whether it's a seller or an agent, go for someone who's transparent about pricing and the process. If they’re dodging questions, that’s a red flag. Ask for reviews or references: If someone you’re dealing with has a good track record, they won’t hesitate to share testimonials or connect you with previous clients. I’ve noticed that some property services have started focusing on things like verified listings and clear communication, which makes the whole proc...