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Reply to "Would you pull out of this deal? "
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]This is an inexpensive house relatively… makes the repairs a chunk of the current value, but is the overall condition consistent with being a fixer upper? Were you planning on renovating these areas anyway? Not all black mold is THE black mold. It looks to be mostly on concrete (0 concern) or wood that you would replace anyway as part of remediation. Based on what you’ve said, it’s not the end of the world. Water issues are a big problem if you can’t isolate the cause. But you can. The subfloor being damaged sucks because you have to rip the whole thing up. If you or your husband can supervise the project, it’s really not a huge deal. Put down some floor that’s updated and inexpensive, clean the cement, and when the floor is up you’ll have access to any areas that may have been wet. Carpenter ant damage makes sense given the moisture - probably requires sistering some of the structure (not complicated especially when the floor is up). I would check to see if the moisture wicked up the wall or collected under the cabinets. People make big deals about this stuff, but it can happen anywhere and you just have to deal with it as part of home ownership. If you really love the house aside from this, I’d go for it. Sure, you can ask for a credit from the sellers, but if it’s already priced reflective of condition, they’re unlikely to give much. Can’t hurt to ask. [/quote] Realized I misread about carpenter ants. Those aren’t a big deal. Look, none of this is outside the realm of something you may encounter as a home owner anyway. Those pictures don’t scare me. Based on the construction of the cabinets, they’re not that nice anyway. I’d not look at this one job and freak out. Ok, you weren’t planning to redo the floors - but they are probably ugly and you would redo them eventually. So that is accelerated. The joists appear to be in good shape- the weight hasn’t caused them to sag in their pockets. My first house had very similar issues - but I wasn’t buying it thinking it was move in ready. There is probably value here in the long run if you are smart with the budget. It seems very likely the water is from a plumbing problem - I thought you knew that already. I would try to rule out foundation or roof issues as those are more expensive and probably mean damage outside of this localized area. If this is rural and you have 2 plumbing fixtures with water damage around them, I’m thinking the property wasn’t winterized properly once and was vacant and had some pipe joints that busted in freeze/thaw. Maybe it something else - but is there water collecting anywhere now or is this all old mostly dry damage? [/quote] I want to add that you should look at the work needed across the whole house in its entirety. This may be the most significant defect you know about, but how old is the roof? HVAC? Appliances? Etc. When stuff like this is happening it’s unusual for everything else to be 100% solid. It seems like this is a fixer upper, which if it’s for the right price, could be a good move for you guys long term. [/quote]
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