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/
Labels:

Comments

Post a Comment

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...
Post a Comment
Read more

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/
Post a Comment
Read more

Making offers on houses not listed for sale.

I want to buy a home for retirement. I am looking at lots of options, mostly focusing on the locations that appeal to me. I see lots of Zillow estimates of homes that look like great deals to me. Are these estimates accurate, even though similar houses in the same area that are for sale are usually priced much higher? If so, is it realistic for me to try to make offers to owners that do not have their homes listed? Would a realtor even consider helping me do this? Or, do these values indicate that the houses listed for sale are overpriced, and I should just lowball until someone accepts? Are houses today tending to sell far below list prices, or ??? submitted by /u/chewybrian [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1o4mcon/making_offers_on_houses_not_listed_for_sale/
Post a Comment
Read more