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Old 02-05-2014, 09:31 PM
 
Location: US Empire, Pac NW
5,002 posts, read 12,355,794 times
Reputation: 4125

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Let's put it in simple terms:

If you were shopping for a car, would you buy a used car that you knew had a bent frame?

I wouldn't. Same thing here. Move on, seriously. Chicago has literally millions of homes. You saying you can't find another?
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Old 02-05-2014, 10:36 PM
 
Location: In the woods
3,315 posts, read 10,088,493 times
Reputation: 1525
Is there a tight housing market and thus the reason you're really into this house?

When we were house hunting, the first house we had a contract on had foundation issues---$20,000 worth of repairs. The seller refused to repair it nor lower the price. My bank refused to pay full price. So we walked away. The second had busted radiators. So we broke that contract too.

The difference with my story and your house is that the first house I looked at was built in 1785 (we wanted to buy a historic house). With a house of this age, its no surprise there are foundation problems.

However, your house was built in 1975. That sounds like some serious repairs for a house of that age.

My advice?
Keep shopping around. If you're in love with this house take a break and the novelty should wear off. It is not worth the headache and your $. Second, don't be afraid to break your contract on the house. Don't settle for anything less than what you want. Good luck!
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