We close on our house today. I'm sure I mentioned this but in February we sold after 3 days on the market with 40+ groups of people coming through during the open house, with 5 offers above asking. We bought our new house pre-market, making an offer about an hour after we walked through it and beating out 2 other offers (we offered full asking). My wife wrote a letter to the sellers which they said sealed the deal for us.
Intrinsic
any updates on your situation?
Yeah so....
Got an offer of basically full price after 5 days. Accepted same day with one counter that had to do with some closing costs, conveying the refrigerator, and one other small thing. Then started the waiting process.
On Sunday my realtor texted me a question about an insurance claim that wasn’t disclosed in the seller agreement but popped up when the buyers went to check on insurance for the purchase. I asked her what she was talking about because I had disclosed the new roof a couple years back and new kitchen from last year. Then it occurred to me I had initially asked the insurance company about some possible flood damage due to a burst pipe. The repair only ended up being $500 (that the realtor’s handyman did, dry wall and about a 10” section of the-pipe) so I didn’t even go through with it. Apparently this still shows up, which I had no idea about. So I guess the buyers were worried. She supposedly explained it to the other realtor.
Went to Disney last week and on Wednesday in line for Peter Pan my realtor called and said the buyers were backing out. The inspection and appraisal had been Monday. According to my realtor the appraisal was fine but the buyers weren’t happy with the inspection. The buyer’s realtor was unwilling to let us see a copy of the report to figure out what was so bad. I was pissed and my realtor was just like “Oh well it happens some times! Maybe we have better luck next! Let’s reduce the price to get more visibility!” I told her fuck that we need more information, I’m at Disney and will be back this weekend.
Met with her Sunday and she had the report from the buyer’s inspector. I had offered the buyers the inspection I paid for just two weeks ago to hopefully avoid any surprises. From a highly recommended local guy. And yeah, from purchasing my house and other’s experiences I know they can vary. My inspector found a couple loose toilets and an ungrounded gas main that the gas company needed to fix. The buyer’s inspector found about 100 things. Every category in his report had 2-3 deficiencies. And it was stupid shit like “Strike and Latch don’t match on master bathroom door preventing door from closing. This could indicate foundation problems with the house settling.” Know what it was? The FUCKING towel holder on the top of the door. The door closes perfectly if you remove that. And he listed just a litany of other issues. Missing one 1” knockout seal on sub panel, panel may have water damage or rodent damage, needs repair. And on and on. Stuff that I took care of about 50% with a trip to Lowe’s and $30-$50.
No counter from Buyer’s asking to get it fixed, just straight terminated contract.
Anyways, back on the market. Three showings today. Not moving my price yet. Plumber coming to fix the loose seats, a leak in one toilet seat, a leak in the master bath shower head, and they’re going to check the water pressure bc the inspector said it was too high and could represent a problem with the water system. On and there was a slight indication of rust on the hot water heater where a fitting may have dripped once 8 years ago that he said could indicate a bad hot water heater and needs replaced.
I’ll probably be using this hard ass when I go to buy a house. And am kind of pissed at the guy I paid $400 for the pre-listing inspection who didn’t point out a single thing.
