Would you pull out of this deal?

[Anonymous]

My husband and I put an offer on a home and we had our home inspection and some stuff came back awful. The kitchen floor was spongy in some spots and we found out the subfloor from the kitchen to bathroom needs to be replaced due to bad rotting and clear water damage. The subfloor is literally rotting out and warping. There is also a wall in the basement with clear black mold going down the whole wall and black mold was found in multiple other areas of the basement. The basement absolutely has to be remediated. I want to back out of this deal but my husband seems to think these aren’t “super major” issues. There is also potential carpenter ant damage to the siding by the roof and multiple plumbing issues (bathroom sink is leaking and corroded under the sink, a few pipes leaking in basement, etc.)

Attaching pics of basement to see what others think but to me….this is bad.

https://ibb.co/0yL1svK

https://ibb.co/p2zhR4r

https://ibb.co/NFNn7pV

[Anonymous]

Run for your life, literally.

[Anonymous]

i couldn't run fast enough

[Anonymous]

I'd also pull out of that deal. Water issues are unpleasant and expensive.

[Anonymous]

Anonymous wrote:I'd also pull out of that deal. Water issues are unpleasant and expensive.

Op here: that is my thoughts. We also were made aware that every time it rains, the basement floods. Hence the mold everywhere but that one wall is horrifying. We were also told remediation is easily $10k+.

[Anonymous]

And then when you're done with trying to remediate and fix the water issues, you still just have a regular ol' unfinished basement.

[Anonymous]

Invoke the inspection contingency. Void the contract.

I want to back out of this deal but my husband seems to think these aren’t “super major” issues.

Your husband needs his head inspected.

[Anonymous]

Anonymous wrote:Invoke the inspection contingency. Void the contract.

I want to back out of this deal but my husband seems to think these aren’t “super major” issues.

Your husband needs his head inspected.

Op here: trust me, I get it. I think because it’s “just the basement” he doesn’t think it’s HUGE but I feel like mold isn’t something to mess with and it absolutely has to be spores spread in the air upstairs etc

[Anonymous]

Anonymous wrote:

Anonymous wrote:Invoke the inspection contingency. Void the contract.

I want to back out of this deal but my husband seems to think these aren’t “super major” issues.

Your husband needs his head inspected.

Op here: trust me, I get it. I think because it’s “just the basement” he doesn’t think it’s HUGE but I feel like mold isn’t something to mess with and it absolutely has to be spores spread in the air upstairs etc

Your gut is right.

Water is a nightmare.

[Anonymous]

+1 water and mold are both nightmares

[Anonymous]

I totally agree that you should get out. Did you have any sense of this when you saw the house? Was any of the mold visible or did the basement smell damp? Did they do something to cover it up?

[Anonymous]

Anonymous wrote:I totally agree that you should get out. Did you have any sense of this when you saw the house? Was any of the mold visible or did the basement smell damp? Did they do something to cover it up?

Op here: when we viewed the home, there was wood panelling in that portion of the basement that we were told the owner was having taken down. So that happened so we had no clue what was behind the panelling…which is all that mold. We did not realize how bad the subfloor was until the inspection and took the pics of how badly warped and rotted it was. The basement definitely did have a bit of a musty smell but nothing overbearing.

[Anonymous]

I will buy it with some discount.

[Anonymous]

It depends. If you are getting a good deal and house plus location are good, compromises have to be made and you can absorb the cost.

[Anonymous]

Find out how much it is to remediate - I mean get rid of it completely and entirely so that you feel safe, then ask provide that bill to the current owners and ask them to pay otherwise no deal.