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Old 06-24-2007, 08:36 AM
 
282 posts, read 713,726 times
Reputation: 89

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I am so bummed right now! Basically we have to start over.

It fell through because the sellers basically lied on the disclosure and said there were no issues with the house but the home inspection indicated issues we know they had to be aware of. Now we will be entangled in a legal mess to get our earnest money back. Not a great start.
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Old 06-24-2007, 10:00 AM
 
683 posts, read 2,075,408 times
Reputation: 250
Default Oh no!

That's terrible news! It seemed like you had really found a home that would work for your family.

Is there any chance of renegotiating to cover repair costs? Or any other homes that would make a good second option? I know your househunting time is limited!
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Old 06-24-2007, 11:01 AM
 
279 posts, read 1,047,246 times
Reputation: 174
At least you were wise enough to order the inspection. Sorry to hear about hassles like this. Good luck getting your money back.
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Old 06-24-2007, 11:36 AM
 
282 posts, read 713,726 times
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Thanks. Unfortunately it's a case where we don't know the extent of the damage until we do a lot of structural inspections and we just need to find something that isn't this complicated. We have enough going on without that.

We have backup houses but at this point I think I'm going to run back there for a couple of days to re-look at them and also look at a couple of others that have come on the market since.
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Old 06-24-2007, 12:20 PM
 
Location: Far Western KY
1,833 posts, read 4,378,713 times
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Quote:
Originally Posted by ic-epi View Post
Thanks. Unfortunately it's a case where we don't know the extent of the damage until we do a lot of structural inspections and we just need to find something that isn't this complicated. We have enough going on without that.

We have backup houses but at this point I think I'm going to run back there for a couple of days to re-look at them and also look at a couple of others that have come on the market since.
What's the structural damage? Have you seen the report yet?
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Old 06-24-2007, 01:16 PM
 
282 posts, read 713,726 times
Reputation: 89
Quote:
Originally Posted by Davart View Post
What's the structural damage? Have you seen the report yet?
Yes, and it's too complicated to get into here, but these are real and serious issues.
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Old 06-24-2007, 05:03 PM
 
Location: Lexington Ky
889 posts, read 1,963,057 times
Reputation: 472
I am so sorry. What a hassle! Good luck and keep your head up
I know of one that you looked at that the price is getting ready to be dropped. It could maybe be improved with the price reduction to suit your needs. e-mail or PM me if you want the details.
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Old 06-25-2007, 10:29 AM
 
Location: Louisville, Kentucky
1,447 posts, read 3,033,565 times
Reputation: 807
Man, I'm really sorry to hear this.

Two things to learn from this: don't let your Realtor talk you into a high good faith deposit. There is no reason to put more than $500 down. Second, always get a home inspection! Good for you - better you learn about this now than later.

Keep looking - we want you here!
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Old 06-25-2007, 10:30 AM
 
Location: New York City
2,809 posts, read 3,874,553 times
Reputation: 3072
Ic-epi,
I sent you a PM. I am really sorry about this, but I'm sure you will find a house that you love.
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Old 11-08-2007, 07:12 PM
 
3 posts, read 8,531 times
Reputation: 13
Default I wouldn't have been so quick to end the contract

Some home inspectors put a wrench (excuse the pun!) in contracts. A lot of them do too much analyzing of a house...especially on a house that is older. You have to understand when you are buying an older house there will be some issues and some wear and tear in the house. Some home inspectors sabatoge what could be a potentially good house by making the house seem trashy. I think you should have gotten a second opinion on the house before you dumped the contract.
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