Skip to main content

House is falling apart, needing to somehow sell

ETA: We have only owned this house for a little over 3 years. There is no equity built

I have no idea what to do. I am obviously going to contact the agent I will be working with, but as much as people talk him up, he is still young. There is a lot that he claimed he could not answer about buying this house, that I am worried about selling it. I have other realtors in mind but the problem is, the house is FULL of mold. There is black mold in the walls from a slow, longterm leak a couple of years ago. We have had heavy rains and I can tell more mold is growing. I was fine with my health being affected, but now my cats are having breathing issues. Someone mentioned to me about short selling or something? I wasn't told how it works, but is it a viable option? We need out of here NOW but cannot afford both renting and a mortgage, nor do we want to live here waiting for a sale being so heavily affected by mold. So if possible please please give some advice on the situation...

I have no idea what to do. There is so much debt between my (separated but having to live together) husband and I, we cannot take out a home repair loan as there are SEVERAL issues as is but the mold is toxic at this point. My husband is of no help, I have to do this on my own and it is so freaking stressful I can't stand it.

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

source https://www.reddit.com/r/RealEstate/comments/1rrlmmh/house_is_falling_apart_needing_to_somehow_sell/

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...

Pool fill without engineer oversight

We are in the process of purchasing our first ever home in CA and we just discovered in the disclosures that the new build property we are purchasing previously had a swimming pool which was filled without an engineer onsite to approve the work (details from disclosure below). Is this something we should be concerned with or not? Is it something we should have additional inspections conducted on? We are originally from the UK and not really sure what to do with this information and if it is concerning or not. A POOL DID EXIST PREVIOUSLY. COPING, TILE, GUNNITE AND REBAR WERE ALL REMOVED AND DIRT AND CLEAN DRAIN ROCK WERE USED TO FILL IT IN. COMPACTED FILL WAS NOT USED AND NO ENGINEER APPROVED THE DIRT AND DRAIN ROCK FILL IN submitted by /u/tommot82 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/dpyzw8/pool_fill_without_engineer_oversight/

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/