The Home Inspection revealed more than we bargained for. Since y’all have been following our saga thus far- I won’t keep you in suspense… We are backing out of the deal with this particular property. It was so sad for Hubby and I to come to this decision over the last few days.
Now, if you’ve never went through this process; 9 out of 10 times you cannot back out at this junction in the game. UNLESS the inspection has pointed out grave issues with the structure.
For one, the water wasn’t turned on, so in that respect we couldn’t have the plumbing inspected (and because of that my Realtor will be asking for our money back from the seller.) The report included: nail holes in the roof and subsequent water damage where some rafters had already been sister-studded, some knob and tube wiring (which may or may not be functional, but will negate a homeowner’s ins policy), and live hot wires not capped. But the worst of it was pylons continuing to sink in the basement with moisture all over. Plus the back half of the house has settled one direction and the front has settled another. Yikes!
Friends and Confidantes, when your inspection guy mentions the movie “The Money Pit” read between the lines. “We got weak trees!” Tom Hanks Gma Auburn {Jen}
#moving #homeinspection #midwestlife #indiana
Today is the DAY! I can’t believe it! After ten days of back and forth with the loan officer- We are approved and he’s gonna float the note. Our realtor is finally drawing up the offer for the old 2 story. {FHA 203K Loan}
Underwriting
