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[quote=Anonymous][quote=Anonymous][quote=Anonymous]OP, what made you put an offer on this house? What are the upsides? And are they worth all this headache you would be getting yourself into? I agree that what you see is likely just scratching the surface. We bought a house with signs of deferred maintenance that we missed and we discovered way more as we were fixing it up. Our reno ended up costing three times as much as we expected and it was very stressful and put significant strain on our marriage. [/quote]

Op here: It’s in an area we love with a great school system (pregnant with first child currently) so that was the biggest draw to us. We definitely knew some upgrades/updating was going to need to be done but didn’t foresee mold remediation, replacing subfloor from kitchen to bathroom, plumbing issues, etc. [/quote]

Do you have the $ to fix these issues and live elsewhere until it is fixed.  I wouldn't move in while pregnant or with a child due to the mold.  Honestly, you probably shouldn't be going in there anyway and your spouse should wear proper masks when by the mold.

I would not buy this home, but if you want it you need to get multiple quotes on fixing all of these issues and ask for the $ from the sellers. It will cost more than all the quotes, it just will.  As someone else said I would ask for it in escrow or $ not in reducing price on the house, then you have $ to actually do the work.  Do you have the cash to fix all these issues even if you get cash from the seller?  This stuff can't wait to be fixed.

The basement flooding, you'll probably need to regrade, add sump pumps, french drains, etc, that is also costly.  If you decide to buy this house, get quotes for those things too.  Also have someone check the foundation.  If there's mold throughout the basement and the basement floods there may be a foundation issue.  Personally if I decided to buy the home I would fix the issues not ask the seller to do it.  Lots of times sellers will do the cheapest fix or one that is less expensive and not what you want.

Also, what did your realtor say?  My spouse and I looked at a home by creek years ago and our realtor flat out told us not to buy it that the area floods.  She was right.  If you don't go with this house I would find a different realtor, or at least speak to other ones.  You want one who knows about homes and will advocate for YOU.[/quote]

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