Home Inspection

Our buyers completed the home inspection yesterday and left us wondering how it went for a full 24 hours, seeing as even though our realtor was present for the inspection, he had no idea how it went because it was conducted entirely in Chinese. 

Their realtor finally emailed our realtor this afternoon, saying that the major issue with the inspection (aside from the previously mentioned roof, back decks, back walkway and driveway) was the compressor, which is original to the unit and going to go any time now. This, I'm sure, is true because our neighbors had to replace theirs last year and I remember it cost them an arm and a leg. The home inspector said it would probably cost $5,000. They also asked the inspector for a guesstimate as to how much the roof & other projects would cost and he said $8,000 per unit for the roof, several thousand for the decks and another several thousand for the walkway. This is also probably correct because our neighbors got the first estimate for the roof and it came back at $25,000 for the complex, which is slightly over the inspector's guess of $8,000 a piece. And remember, we have just shy of $20,000 in the association budget.

The buyers requested that we knock off an additional $5,000 from the purchase price (bringing it to $322,000) and stated they would not require us to make any repairs prior to closing. Since it is abundantly clear that in the next few months this house will become a HUGE MONEY PIT we have decided to take the offer and RUN!!!

Charlotte here we come!!