Well, our house contract fell through... (houses, buying, home inspection)

[ic-epi]

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.

[nlschr0]

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!

[movingoutofCA]

At least you were wise enough to order the inspection. Sorry to hear about hassles like this. Good luck getting your money back.

[ic-epi]

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.

[Davart]

Originally Posted by ic-epi

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?

[ic-epi]

Originally Posted by Davart

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.

[lexingtongal]

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.

[Off Topic]

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!

[gimme it]

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.

[thompang]

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.