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mydogfarted

Member Since 2003

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Friday Jun 20, 2008

Jun 20, 2008
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Yay, the weekend is just about here.

Boo... I just got the full report on the home inspection for the house we're trying to buy. Some of the stuff we knew, other stuff we didn't and some of it is going to be expensive to fix. I'm still scrambling to come up with the down payment, we need furniture and now I need to think about an additional probably $10-$15,000 in repairs. In a lot of ways, things will get much easier once the divorce is final. Then I can show I'm no longer responsible financially for my other house, my debt to income ratio will drop and I can borrow against the equity in the house to make the repairs. But some, like the electrical system (water leaking into the main panel) and heat (old heating style system, no vents in bedrooms shocked ) Some things are re-negotiable, but others are not. Hmm.

VIEW 9 of 9 COMMENTS
pip:
If you haven't closed and there is that much in repairs needed, either walk away or make them pay/fix it. Or at least split the difference on the repairs.

that is the whole point of home inspections.
Jun 20, 2008
tunnel_vision:
Have them take $30K of the price ... or fix everything pre-closing biggrin
Jun 20, 2008

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