Reply to If I had an a offer accepted without an inspection contingency

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Why would you handle things like this, OP? Were you being sneaky?[/quote]

Because I had to make the decision in 24 hours and now I’m worried I’m in over my head with a house I won’t be able to repair or resell for anything near what it will cost me.[/quote]

You probably can be sued for specific performance of contract, OP. Be careful and make no moves without consulting an attorney. Don't rely on your agent for guidance on this. It sounds like your agent sucks if they allowed you (or worse, encouraged you) to make an offer without an inspection.

Even if you had HAD an inspection, if you have no budget for repairs, you have no business buying property. Your home is going to need repairs, whether or not they turn up now on an inspection. Even a basic plumbing thing like a running toilet you can't fix will cost $400 if you need to a plumber out. I had a pinhole leak in a water pipe that ended up costing me $2,000 last year -- there were plumbers and then i needed the ceiling/wall repaired and painted. I have an oak tree in the yard that's going to cost me about $1,000 this year to trim. My deck has rotting pieces -- I can probably replace those boards myself, but I also have a broken hot tub (inherited from previous owners and worked for several years before dying) that just went kaput. And, my air conditioner is from 1997 -- amazingly, still works, but I'm well aware I'm on borrowed time and I'll need to replace it and might just do so this winter rather than take a risk of it conking out next May.

These are normal things for home ownership. You need to get used to that idea and budget for it.[/quote]

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