Monday, April 2, 2012

Two Steps Back, One Step Forward

So here's the latest update....Mr. and Mrs. Schmuck found a serious issue with the house that was never noted in our home inspection when we bought the house. But for the good news(!!), they've decided to not walk away from the deal. Right now, time is more valuable than money for us, and I'm happy they are still sticking around, on one condition..... they've asked for $5,000 to fix the problem. Now, that may seem like a lot of money, until you hear what they are going to have to deal with after they close on the house...

It's a fairly lengthy story, you can read on if you're curious, otherwise, your welcome to skip to the end :)
Apparently, their home inspector noted a very minor amount of rust coming from the furnace. They thought it was better to check it out fully with a contractor (or 3...since no one could give them a clear answer!) and lo and behold, some or most of the venting in the slab/underneath the house is rusting or corroded (not quite clear how extensive the problem is yet). Since we have no basement, the original owners built the floor ventilation underneath the slab.

Solution #1: Rip up all of the floors and foundation and redo all the underground ventilation. Now $5,000 doesn't seem like such an absurd request, does it? Not once you start thinking everything that the project entails.

Solution #2: My dad suggested an alternative, which wouldn't require ripping up all of the foundation, but those are answers we don't quite have yet and are still working on.

Ross & I were completely caught off guard from what they found, as was our Realtor. I had the worst gut feeling that they were going to walk away Friday afternoon. Of course, none of us had the slightest idea of the problem, otherwise, it would've been disclosed to the Buyer in the beginning. I'm frustrated that our home inspector did not find the problem when we bought the house, but then again, I'm happy that we did not have to deal with it, and fortunate that Ross & I are selling the house and never got around to putting new floors in the entire house (not realizing what was lurking underneath)! If we would've stayed there for the 5-7 years like we planned, we would be a lot worse off. So that is, of course, the upside to all of this. Also on the plus side, the rest of the home inspection came back quite well :)

So all in all, Ross & I have a few days to give them our final answer. In the meantime, my dad is trying to find our own contractor to come out and take a look. Otherwise, we'll take their word for it from their contractors' documentation.

So it's been a hell of weekend and an unbelievable amount of stress on Friday. I'm glad the weekend is over and the closing is still set for April 30th. So now I can move forward with my move :)  Thanks for the prayers!!

On another unrelated note, buried between all of this house business, was my best friends Bridal Shower on Saturday, which I think went fairly well and hope everyone had a great time. We had a ton of great food (lots of which I'll be eating for the rest of the week....HELLO leftovers :), a few games that provided comedic relief, and my friend received a ton of great gifts. Only 3 weeks until the Bachelorette Party and I can't wait to live it up!! Hopefully a little less 'PG-rated' style :P

*Kristin*

No comments:

Post a Comment