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Location: ohio-in my own little world with pretty ponies :) | So I had a post about finding a house! We went and peeked in the windows today and it is perfect! A nice "garage" that can easily be made into a barn with a few changes! We are completely in love!
The only downfall we could see was that in the window(it's a foreclosure) it does say that there is mold present. We couldn't see anything that looked alarming from the windows and it says the basement is finished but we couldn't see.
We are going to be calling our realtor but I wanted some input on what you guys think about the mold. Would it be a deal breaker? |
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 Midget Lover
  
Location: Kentucky | Every house has mold, whether you can see it or not. I'd get my Realtor and a home inspector involved though for sure. I would want to stay protected. |
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| Depends on where it is and how much of it. It can cause structural damage if it's that deep or it could only be cosmetic at this point. Again.. can you find out where it is located at in the house? |
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 Hog Tie My Mojo
Posts: 4847
Location: Opelousas, LA | I would get an inspection and go from there. It could be a huge issue and they could have just put the sticker on the window to cover thier rear. |
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Expert
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Location: ohio-in my own little world with pretty ponies :) | Can we do an inspection before we start the process to make sure it's not a huge issue before we decide to try and buy it? I really should call the realtor and ask these things lol |
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Expert
Posts: 1857
| I think you have to put an offer in before you can get an inspection done. Just because you put an offer in doesn't mean that you still can't back out once the inspection comes back. |
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Location: Central Texas | It would not be a deal breaker for me at this point. I would put in an offer based on the house passing an inspection. Surface mold, while not good, can be fixed. If the mold is so bad that you have to tear down walls and redo framing then it had better be super cheap. I don't mind fixer upper houses as long as it's not structural damage.
Can you set up an appt to walk through the house and find out where the mold is?
Edited by GraciousLegacy 2014-02-14 12:22 PM
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 Proud to be Deplorable
Posts: 1929
| All depends on what type and how much is in the house. Mold removal can be costly. |
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Location: ohio-in my own little world with pretty ponies :) | We are calling the realtor on Monday to set up a time to go in and look around and see if she can find out any info on it. The house is a reaaalllly great price for what it seems to be--$109,000. The house is the exact house I am living in right now at my parents....same size...the layout. It's all the same and I love my parents house! For some reason I have a great feeling about this. A few months ago we found a house that we really liked but something happened on his credit(long story) so we weren't in the position to buy so we took a break and waited. Well, a couple days ago I just had a feeling I needed to look on the internet and this is the first one I find but SO says his credit still isn't where it needs to be. So he goes to the bank to have a credit check and THAT DAY the thing on his credit dropped off so his credit went right back up. I just have a feeling it's right. |
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| FlyingJT - 2014-02-14 11:56 AM
I think you have to put an offer in before you can get an inspection done. Just because you put an offer in doesn't mean that you still can't back out once the inspection comes back.
^^ THIS.
Put in contingencies in your offer. This means that if the house doesn't pass inspection or whatever "deal breakers" you have in mind, you as the buyer get to walk away.
Be mindful that you will still have to pay fees for the inspection, escrow, etc that a good realtor will be able to spell out and explain for you. But paying those fees is a TON better than being stuck with a house that is crap and can't be insured. |
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Expert
Posts: 2276
Location: ohio-in my own little world with pretty ponies :) | We love our realtor. She has been recommended by a few of our friends and she is all about first time home buyers and she has always explained everything. We just love her! She was very understanding about what happened with his credit and having to put it off. |
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 Sorry I don't have any advice
Posts: 1975
Location: Sunnyland Florida |
Certain types of mold can kill you. If they are disclosing up front that it has mold, hire a Mold Inspector to test the home to see which type of mold it has. It is very costly to get rid of the bad types of mold. My friends Mom (42 years old) almost died from mold in a brand new house, and it took them months to figure out that her new house had mold from a very small leak that went un-noticed.
Most real estate contracts (all in Florida do) disclose the fact that mold can be deadly and should be insepcted for.
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Expert
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| LOL@ the mold hysteria!! The EPA is doing a good job making people scared and keeping themselves relevant. |
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 The Vaccinator
Posts: 3810
Location: Slipping down the slope of old age. Boo hoo. | If you have allergies or asthma, a home with mold (even mild mold) can be miserable. And if children are involved, it can be extremely miserable. A home inspection will be worthwhile! As another poster stated, there are various types of mold. Some are very bad -- are considered toxic. |
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 I Prefer to Live in Fantasy Land
Posts: 64864
Location: In the Hills of Texas | My niece and her husband bought a house and it passed all inspections. They pulled up carpet to replace it and it was loaded with mold. The house ended up being declared not fit to live in and the property was condemned. They couldn't go back to the seller since they said the seller wasn't aware of any problems. We are talking about a house that sold for $170,000. |
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I Prefer to Live in Fantasy Land
Posts: 64864
Location: In the Hills of Texas | Itsme - 2014-02-14 1:19 PM LOL@ the mold hysteria!! The EPA is doing a good job making people scared and keeping themselves relevant.
It's evident you don't have a clue what you are talking about. Black mold is very real and very dangerous. |
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Expert
Posts: 1392
Location: Central Texas | Nevertooold - 2014-02-14 2:04 PM My niece and her husband bought a house and it passed all inspections. They pulled up carpet to replace it and it was loaded with mold. The house ended up being declared not fit to live in and the property was condemned. They couldn't go back to the seller since they said the seller wasn't aware of any problems. We are talking about a house that sold for $170,000.
Oh wow I've never delt with one that was bad enough to be condemmed. I've seen them cost thousands and thousands to fix but never not fixable.
So they just had to pay for a house that they couldn't live in??? How does that work?? That would suck. |
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I Prefer to Live in Fantasy Land
Posts: 64864
Location: In the Hills of Texas | GraciousLegacy - 2014-02-14 2:12 PM Nevertooold - 2014-02-14 2:04 PM My niece and her husband bought a house and it passed all inspections. They pulled up carpet to replace it and it was loaded with mold. The house ended up being declared not fit to live in and the property was condemned. They couldn't go back to the seller since they said the seller wasn't aware of any problems. We are talking about a house that sold for $170,000. Oh wow I've never delt with one that was bad enough to be condemmed. I've seen them cost thousands and thousands to fix but never not fixable.
So they just had to pay for a house that they couldn't live in??? How does that work?? That would suck.
The house was torn down and the lot was sold and they were responsible for the difference. This happened in Illinois. |
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Hog Tie My Mojo
Posts: 4847
Location: Opelousas, LA | GraciousLegacy - 2014-02-14 2:12 PM Nevertooold - 2014-02-14 2:04 PM My niece and her husband bought a house and it passed all inspections. They pulled up carpet to replace it and it was loaded with mold. The house ended up being declared not fit to live in and the property was condemned. They couldn't go back to the seller since they said the seller wasn't aware of any problems. We are talking about a house that sold for $170,000. Oh wow I've never delt with one that was bad enough to be condemmed. I've seen them cost thousands and thousands to fix but never not fixable.
So they just had to pay for a house that they couldn't live in??? How does that work?? That would suck.
They tore down and completely rebuilt the racing office at Lone Star Park because of mold, and it wasn't an old building. I think there are actually more issues with newer construction because they are built so tight to save energy. |
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Married to a Louie Lover
Posts: 3303
| Itsme - 2014-02-14 2:19 PM
LOL@ the mold hysteria!! The EPA is doing a good job making people scared and keeping themselves relevant.
Wow, clearly you don't know anyone affected by mold.
I am. I can tell you in just a few minutes of the system coming on if a central air and heating system has mold in it. A barn we use to horse show at was terrible in their arena heating system. If it kicked on during a class I would have tears streaming down my face and be unable to stop sneezing before I could exit the ring.
Our house was a foreclosure in 2008 with mold in the attic. The removal process is quite rigorous and requires multiple clean tests by the company who did the removal and multiple tests verified by at least 1 third party lab. The document we got detailing what they did and the results and cost was quite lengthy.
Personally it's not something I would tackle unless you are prepared to have a blank check in hand.
An inspection can tell you what is on the surface. The cannot tear down walls and look under carpets. You will be lucky if the only mold is what's visible in my opinion. |
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  Fact Checker
Posts: 16575
Location: Displaced Iowegian | Nevertooold - 2014-02-14 2:05 PM Itsme - 2014-02-14 1:19 PM LOL@ the mold hysteria!! The EPA is doing a good job making people scared and keeping themselves relevant. It's evident you don't have a clue what you are talking about. Black mold is very real and very dangerous.
 Gotta love people that talk out of their butt!!!!
NTO is correct..........Mold IS and CAN be very dangerous to your health. You certainly must have the house inspected for the type and extent of mold. It can be VERY costly for mold removal! |
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Expert
Posts: 1561
| Nevertooold - 2014-02-14 2:05 PM
Itsme - 2014-02-14 1:19 PM LOL@ the mold hysteria!! The EPA is doing a good job making people scared and keeping themselves relevant.
It's evident you don't have a clue what you are talking about. Black mold is very real and very dangerous.
THE SKY IS FALLING....  |
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 Damn Yankee
Posts: 12390
Location: Somewhere between raising hell and Amazing Grace | OP,
You put in the offer first, offer has to be accepted, then you will have so many days to get the home inspected. If it fails for any reason you can either revise the offer accordingly or back out altogether. Your realtor should have all the necessary working in the offer documentation.
BUT....not all mold will be found upon inspection. Some inspectors don't bother looking for it. And sometimes it can just be missed depending on the nature of it.
You can have it professionally tested for mold, not sure the price. When we purchased our house we thought we were fine. I'm horribly allergic to mold and as soon as we moved in I knew there was mold somewhere. Ended up pulling all the baseboards off and found it. Fortunately it was only surface mold and I was able to clean it without replacing anything.
So, don't be afraid to pull baseboards and carpet. If they won't let you look, then just pass.
If it's a forclosure, yes they MUST post a notice if there is any type of mold present, whether just surface or black mold. |
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Expert
Posts: 1561
| NJJ - 2014-02-14 2:51 PM
Nevertooold - 2014-02-14 2:05 PM Itsme - 2014-02-14 1:19 PM LOL@ the mold hysteria!! The EPA is doing a good job making people scared and keeping themselves relevant. It's evident you don't have a clue what you are talking about. Black mold is very real and very dangerous.
NTO is correct..........Mold IS and CAN be very dangerous to your health. You certainly must have the house inspected for the type and extent of mold. It can be VERY costly for mold removal!
I was EPA certified in mold removal and Radon mitigation... |
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 Warmblood with Wings
Posts: 27846
Location: Florida.. | if you make a offer have stipulations that if it doesnt pass MOLD inspection that you get your binder back
It would be a deal breaker for me.. if Mold is in the interior of home.. frame wood etc.. |
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Warmblood with Wings
Posts: 27846
Location: Florida.. | Itsme - 2014-02-14 3:58 PM NJJ - 2014-02-14 2:51 PM Nevertooold - 2014-02-14 2:05 PM Itsme - 2014-02-14 1:19 PM LOL@ the mold hysteria!! The EPA is doing a good job making people scared and keeping themselves relevant. It's evident you don't have a clue what you are talking about. Black mold is very real and very dangerous.
NTO is correct..........Mold IS and CAN be very dangerous to your health. You certainly must have the house inspected for the type and extent of mold. It can be VERY costly for mold removal! I was EPA certified in mold removal and Radon mitigation...
so? |
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Fact Checker
Posts: 16575
Location: Displaced Iowegian | Bibliafarm - 2014-02-14 3:00 PM Itsme - 2014-02-14 3:58 PM NJJ - 2014-02-14 2:51 PM Nevertooold - 2014-02-14 2:05 PM Itsme - 2014-02-14 1:19 PM LOL@ the mold hysteria!! The EPA is doing a good job making people scared and keeping themselves relevant. It's evident you don't have a clue what you are talking about. Black mold is very real and very dangerous.
NTO is correct..........Mold IS and CAN be very dangerous to your health. You certainly must have the house inspected for the type and extent of mold. It can be VERY costly for mold removal! I was EPA certified in mold removal and Radon mitigation...
Good for you....but apparently you are not too bright because mold CAN be very dangerous to humans and certainly to those who have health problems......depending on the "type"......hence the suggestions by several to have a "mold imspector" inspect the property. |
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Damn Yankee
Posts: 12390
Location: Somewhere between raising hell and Amazing Grace | Mold sometimes is not a big deal, like ours, but NJJ is spot on....mold can be very deadly for some people. It's not something to be taken lightly.
As far as being a deal breaker, it all depends on the deal..... |
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I Prefer to Live in Fantasy Land
Posts: 64864
Location: In the Hills of Texas | Barnmom - 2014-02-14 2:30 PM GraciousLegacy - 2014-02-14 2:12 PM Nevertooold - 2014-02-14 2:04 PM My niece and her husband bought a house and it passed all inspections. They pulled up carpet to replace it and it was loaded with mold. The house ended up being declared not fit to live in and the property was condemned. They couldn't go back to the seller since they said the seller wasn't aware of any problems. We are talking about a house that sold for $170,000. Oh wow I've never delt with one that was bad enough to be condemmed. I've seen them cost thousands and thousands to fix but never not fixable.
So they just had to pay for a house that they couldn't live in??? How does that work?? That would suck.
Some of it goes back to made in China particle board. I so agree with the substandard materials.
My niece's problem was a water leak that supposedly, went undetected for many years.
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I Prefer to Live in Fantasy Land
Posts: 64864
Location: In the Hills of Texas | Itsme - 2014-02-14 2:53 PM Nevertooold - 2014-02-14 2:05 PM Itsme - 2014-02-14 1:19 PM LOL@ the mold hysteria!! The EPA is doing a good job making people scared and keeping themselves relevant. It's evident you don't have a clue what you are talking about. Black mold is very real and very dangerous. THE SKY IS FALLING....
The sky wasn't falling but the doctors couldn't figure out why my husband and myself were having headaches, sinus problems and fatigue to name a few. Turned out it was in our heat pump system and didn't find it until it heat pump went out. Couldn't believe the unit when it was taken out and either could the contractor. It took about a month and having all of our air ducts cleaned out before all of our symptoms went away.
Edited by Nevertooold 2014-02-14 3:38 PM
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Damn Yankee
Posts: 12390
Location: Somewhere between raising hell and Amazing Grace | Nevertooold - 2014-02-14 4:37 PM Itsme - 2014-02-14 2:53 PM Nevertooold - 2014-02-14 2:05 PM Itsme - 2014-02-14 1:19 PM LOL@ the mold hysteria!! The EPA is doing a good job making people scared and keeping themselves relevant. It's evident you don't have a clue what you are talking about. Black mold is very real and very dangerous. THE SKY IS FALLING....
I forgot about that! Our heat pump unit had mold it in as well that we had to have cleaned out. Does take a while for everything to circulate and symptoms to go away. |
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I Prefer to Live in Fantasy Land
Posts: 64864
Location: In the Hills of Texas | missroselee - 2014-02-14 3:41 PM Nevertooold - 2014-02-14 4:37 PM Itsme - 2014-02-14 2:53 PM Nevertooold - 2014-02-14 2:05 PM Itsme - 2014-02-14 1:19 PM LOL@ the mold hysteria!! The EPA is doing a good job making people scared and keeping themselves relevant. It's evident you don't have a clue what you are talking about. Black mold is very real and very dangerous. THE SKY IS FALLING....
It had something to do with the evaparotor. The outside unit use to freeze up and this new one has never done that and we have had the worst winter we've ever had in the 18 years we have lived here. |
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 Semper Fi
Location: North Texas | Itsme - 2014-02-14 2:58 PM
NJJ - 2014-02-14 2:51 PM
Nevertooold - 2014-02-14 2:05 PM Itsme - 2014-02-14 1:19 PM LOL@ the mold hysteria!! The EPA is doing a good job making people scared and keeping themselves relevant. It's evident you don't have a clue what you are talking about. Black mold is very real and very dangerous.
NTO is correct..........Mold IS and CAN be very dangerous to your health. You certainly must have the house inspected for the type and extent of mold. It can be VERY costly for mold removal!
I was EPA certified in mold removal and Radon mitigation...
More like Certified in DumbAzz. |
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Expert
Posts: 1561
| foundation horse - 2014-02-14 7:18 PM
Itsme - 2014-02-14 2:58 PM
NJJ - 2014-02-14 2:51 PM
Nevertooold - 2014-02-14 2:05 PM Itsme - 2014-02-14 1:19 PM LOL@ the mold hysteria!! The EPA is doing a good job making people scared and keeping themselves relevant. It's evident you don't have a clue what you are talking about. Black mold is very real and very dangerous.
NTO is correct..........Mold IS and CAN be very dangerous to your health. You certainly must have the house inspected for the type and extent of mold. It can be VERY costly for mold removal!
I was EPA certified in mold removal and Radon mitigation...
More like Certified in DumbAzz.
Sorry you guys fall for the propaganda machine, it should be a concern but nothing like its made out to be. |
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Expert
Posts: 1561
| an Obama picture on a russian flag and youre all for bigger govt intrusion...  |
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Semper Fi
Location: North Texas | Itsme - 2014-02-14 7:50 PM
foundation horse - 2014-02-14 7:18 PM
Itsme - 2014-02-14 2:58 PM
NJJ - 2014-02-14 2:51 PM
Nevertooold - 2014-02-14 2:05 PM Itsme - 2014-02-14 1:19 PM LOL@ the mold hysteria!! The EPA is doing a good job making people scared and keeping themselves relevant. It's evident you don't have a clue what you are talking about. Black mold is very real and very dangerous.
NTO is correct..........Mold IS and CAN be very dangerous to your health. You certainly must have the house inspected for the type and extent of mold. It can be VERY costly for mold removal!
I was EPA certified in mold removal and Radon mitigation...
More like Certified in DumbAzz.
Sorry you guys fall for the propaganda machine, it should be a concern but nothing like its made out to be.
Changing your tune after getting called out are ya?
More evidence of you being a dumbazz. |
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Warmblood with Wings
Posts: 27846
Location: Florida.. | Itsme - 2014-02-14 8:54 PM an Obama picture on a russian flag and youre all for bigger govt intrusion...
No just being healthy is more important.. and mold makes some severly sick.. so why risk it. |
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Expert
Posts: 1561
| Im sure horses kill and severely injure 5 times more than mold. Maybe govt should put a stop to equine sports...
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Expert
Posts: 2276
Location: ohio-in my own little world with pretty ponies :) | I'm very worried about this. I don't want to risk our health. We have inside animals and will have kids in the future(hopefully) so I want to make sure everything is clean. We will definitely be doing all the inspections we can. I'm hoping that it's just surface mold from sitting empty with all the moisture through the winter. It has been empty for awhile we heard and someone was in there recently to clean. It was just listed for sale a week ago. |
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Warmblood with Wings
Posts: 27846
Location: Florida.. | lexyy12 - 2014-02-14 9:43 PM I'm very worried about this. I don't want to risk our health. We have inside animals and will have kids in the future(hopefully) so I want to make sure everything is clean. We will definitely be doing all the inspections we can. I'm hoping that it's just surface mold from sitting empty with all the moisture through the winter. It has been empty for awhile we heard and someone was in there recently to clean. It was just listed for sale a week ago. Just get a home inspection which is recommended even without mold .. your realtor should know how to handle things.. but please get a Home inspection they cost a lil but worth it.hopefully its just surface from being empty.. that happens alot.. but also could be why its cheaper.. then normal.. good luck
Edited by Bibliafarm 2014-02-14 9:19 PM
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Fact Checker
Posts: 16575
Location: Displaced Iowegian | Itsme - 2014-02-14 8:26 PM Im sure horses kill and severely injure 5 times more than mold. Maybe govt should put a stop to equine sports... Do you have to work at being "dense" or does it come naturally ??? No one suggested that mold KILLED anyone but it CAN make a person severely ill and more so if they have health problems.......but then, I am certain that you are smarter than all of the scientists and researchers who have done hundreds (if not thousands) of medical studies.....maybe you can get a "certified" job with them......
By the way, the mold removal company here hires any "yahoo" off of the street and gives him (or her) a two week course in mold removal.....waaaa-laaaaa.........certified?????
Edited by NJJ 2014-02-14 9:21 PM
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Expert
Posts: 2276
Location: ohio-in my own little world with pretty ponies :) | The price isn't too off from most houses around here. There are a lot of foreclosures in this area. My parents paid the same price for their house and it's exactly the same and theirs was a foreclosure as well in the same area but I'm just keeping my fingers crossed and hoping and praying this works out and the mold is something we can get taken care of. We have no problem paying for any inspection that is needed and clean up of the mold!! |
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Fact Checker
Posts: 16575
Location: Displaced Iowegian | lexyy12 - 2014-02-14 9:24 PM The price isn't too off from most houses around here. There are a lot of foreclosures in this area. My parents paid the same price for their house and it's exactly the same and theirs was a foreclosure as well in the same area but I'm just keeping my fingers crossed and hoping and praying this works out and the mold is something we can get taken care of. We have no problem paying for any inspection that is needed and clean up of the mold!!
I would offer far less than what they are asking....you can always come up......we looked at a place that had mold. We got an estimate from a mold rremoval company and it was over 10K. We passed on the place because there is always a "reason" there is mold and it was going to be MORE money to fix that problem. |
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Expert
Posts: 2276
Location: ohio-in my own little world with pretty ponies :) | We were definitely thinking about offering a lot less than asking price. All they can do is say no or send back a counter offer. Can we decide who does the inspection? And the people who do the inspection can give us an estimate of removal cost? |
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Warmblood with Wings
Posts: 27846
Location: Florida.. | lexyy12 - 2014-02-14 11:01 PM We were definitely thinking about offering a lot less than asking price. All they can do is say no or send back a counter offer. Can we decide who does the inspection? And the people who do the inspection can give us an estimate of removal cost?
usually your realtor has one she can call.. offer low.. they can counter and go from there.. remember your the one buying.. stand firm..adn you can be there when inspectors there and ask questions regarding it . |
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Expert
Posts: 2276
Location: ohio-in my own little world with pretty ponies :) | Ok good! Thanks for all the awesome advice you guys are offering to me! I hate to call the realtor and ask a million questions but I will. This is such a big step and we don't want to take the wrong one. |
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 Elite Veteran
Posts: 974
Location: USA | I'm not sure how things are done where you live, but my hubby and I bought a foreclosed Fannie Mae home about a year ago. After placing an offer and it being accepted, we had 10 days to "opt out" of the contract. In those 10 days is when the tentative homeowner should have the home inspected and everything wrong with the house laid out. The problem with getting a home inspection on a foreclosed house (at least in the county I live in), is if the inspector finds anything wrong with the house, the foreclosure company won't negotiate with you on price. We basically had to buy our house "as is", or we couldn't buy it. They would not negotiate at all. If in those 10 days you decide to not purchase the house, then you can legally drop the contract.
We actually opted not to do a home inspection, which I don't recommend. We didn't because my step dad is a licensed builder and heating/AC contractor, and is anal to a T. He picked over the house with a fine tooth comb, going into the attic, looking at electrical - the whole nine yards - so we knew what issues the house had. With that being said, home inspections can be pretty pricey depending on the size of your home. If we had decided to get one, ours was going to cost over $600. With that being said, having one is definitely a must, just know you may not be able to negotiate with the price since it is a foreclosure. And if you spend the money on an inspection and find the house has too many things wrong with it, you're only out the cost of the inspection which is way cheaper than buying a house and finding down the road you have to spend thousands and thousands to get stuff repaired.
Good luck and I hope everything works out!! Home buying can be so stressful but it's definitely worth it! |
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Elite Veteran
Posts: 974
Location: USA | And usually your realtor can tell you who to use for an inspector. They have an inside ear on who is reputable. |
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Proud to be Deplorable
Posts: 1929
| lexyy12 - 2014-02-14 10:01 PM
We were definitely thinking about offering a lot less than asking price. All they can do is say no or send back a counter offer. Can we decide who does the inspection? And the people who do the inspection can give us an estimate of removal cost?
You will need a home inspection and a mold inspection....Not the same thing. |
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Warmblood with Wings
Posts: 27846
Location: Florida.. | jbhoot - 2014-02-14 11:18 PM lexyy12 - 2014-02-14 10:01 PM We were definitely thinking about offering a lot less than asking price. All they can do is say no or send back a counter offer. Can we decide who does the inspection? And the people who do the inspection can give us an estimate of removal cost? You will need a home inspection and a mold inspection....Not the same thing.
exactly.. and ask your realtor questions.. alot.. she is getting paid if you by it so ask away.. |
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 Expert
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Location: Kansas | lexyy12 - 2014-02-14 10:08 PM
Ok good! Thanks for all the awesome advice you guys are offering to me! I hate to call the realtor and ask a million questions but I will. This is such a big step and we don't want to take the wrong one.
It's the relator's job to answer questions
If the realtor sells the house, they will be making a lot of money
Remember, the realtor is working for the people who own the house unless you have connected with one to find you a house
Ask away, don't take chances. It's your money, life and future
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Tried and True
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Location: Where I am happiest | Man O man. Itsme sure sounds an awfull lot like ole skidboots.But then one dumbazz sounds just like another. |
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Expert
Posts: 2276
Location: ohio-in my own little world with pretty ponies :) | She was recommended to us by a few friends to help us find a house and she has been amazing so far! She isn't one to "sell a dream" she is realistic and always always always reminds us to shop within our budget and making sure it's perfect. The last thing she wants is for us to end up "house poor" I completely trust her. Just wanting to kind of find out what I can for when we talk to her so we know where to go, what steps to take and what to ask her. I know she will help and do everything she can. Also what to expect her to know and take care of to make sure we are dealing with the right person(which I really think we are)
Edited by lexyy12 2014-02-14 10:52 PM
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Warmblood with Wings
Posts: 27846
Location: Florida.. | Normally.. if you find a home you want to make a offer on.. realtor for seller will send a Disclosure and a existing survey.. meaning disclosing what is wrong with home to the best of their knowledge..really check things out not just the pretty.. but the other things.. (how old is roof, septic, water pump, etc..)if home is older.. make sure all the pipes and septic are ok and how old it is.. if its old.. at some point it will need replaced and so factor that in to your offer.. as well as roof..
then make offer..put a binder on it which is held .. make the offer on lower end.. (not sure when you finance what the going rate is )but with cash I usually will play that to my favor and offer 25,000 less then asking price and we counter back and forth and I end up paying what I thought was reasonable.. halfway..
then when offer is accepted (usually within a time frame of 48 hours ) your realtor will set up a home inspection and if you want a mold inspection to then that as well.. within a time frame. then day before closing you have a final walk thru to make sure its all ok.. so in the contract she will put stipulations meaning that if it doesnt pass inspection you get your binder back and can walk away.. if by any reason all goes well and you just change your mind you wont get your binder back so put under a 1000 down..
(im going by cash deals I have no idea how financing works)
but ask her things.. go see home several times before you decide.. realtors get a pretty good check ( i think 6% or so of priced paid) for services so ask away.. also not sure how foreclosures work either.. im sure diffferantly
Edited by Bibliafarm 2014-02-14 11:41 PM
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Expert
Posts: 2276
Location: ohio-in my own little world with pretty ponies :) | Thank you so much! We were planning on at least going to look at it with realtor and SO for the first time and then taking my parents to look(my dad is super protective and will insist on going and taking a look and nit picking it for his baby girl) and then deciding. |
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Warmblood with Wings
Posts: 27846
Location: Florida.. | Great idea!! daddys love that and its good to have them check it out to. my dad is same way and I have grandkids.lol |
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Expert
Posts: 2276
Location: ohio-in my own little world with pretty ponies :) | Bibliafarm - 2014-02-15 12:45 AM
Great idea!! daddys love that and its good to have them check it out to. my dad is same way and I have grandkids.lol
He is still in denial about us looking. He really thinks I'm going to live at home forever(I'm the baby of 6). He would rather SO and I live there forever and have kids in his house than us leave. He wants us to buy some of the farm land beside their property and build a house but I am not that into living that close to my parents and this house we are looking into is...ready for it?.........a whopping 7 minutes away! But he will still say it's too far! |
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"Heck's Coming With Me"
Posts: 10797
Location: Kansas | Saw a real eye-opener on tv one day about a wealthy family. Dad and son became very sick and disoriented. Dad sustained permanent sensory damage, son got okay. All because of black mold that spread through the walls of their "mansion" as the result of a leak from a tube that led to the icemaker on their refrigerator. Mom would never have known what what causing her family to be sick but she was discussing it with a friend on a plane one day and an air quality expert across the aisle just happened to hear her and intervened with what he thought her problem was. House was condemned (six million) and they sued and won a huge settlement from the insurance company who had refused to fix the water problem. Very interesting story. Mold was called something like strepoboxus. Know that isn't spelled right but it sounded like that. |
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 Expert
Posts: 3004
Location: nearby | Nevertooold - 2014-02-14 2:05 PM
Itsme - 2014-02-14 1:19 PM LOL@ the mold hysteria!! The EPA is doing a good job making people scared and keeping themselves relevant.
It's evident you don't have a clue what you are talking about. Black mold is very real and very dangerous.
I agree. I have worked in a Courthouse for almost 50 years. A survey was made last summer to see if there was mold present. It was, all kinds, including the dreaded black mold. It was worse in my office than anywhere. They got an estimate to rid the building of mold. 2.5 million ! The county cannot pay that. Our office moved out.....temporarily. People are still working there and apparently do not understand the danger of this. I would pass this house by! JMHO |
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Expert
Posts: 2276
Location: ohio-in my own little world with pretty ponies :) | I'm feeling a little sad that it might not be good or that it will end up being worse than they say. Ugh..... |
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Fact Checker
Posts: 16575
Location: Displaced Iowegian | lexyy12 - 2014-02-15 10:54 AM I'm feeling a little sad that it might not be good or that it will end up being worse than they say. Ugh..... My best advice is DON'T FALL IN LOVE with ANY place.....try to look at any property with a dispassionate eye......LOOK for all the bad things....THEN make your decision based on what you have found and what it will cost to fix or what you can "live" with without fixing. Good Luck!
And remember....this is surely NOT the only place for sale!
Edited by NJJ 2014-02-15 11:55 AM
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Extreme Veteran
Posts: 550
| Did it say there IS mold, or there may be mold? One of the banks in this area always puts on the paperwork that mold may be present -every single house. It was just a CYA for them.
Also, definitely talk to your realtor. Laws vary by state, so someone else's home buying experience may not be relevant to yours. |
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Expert
Posts: 2276
Location: ohio-in my own little world with pretty ponies :) | I can't remember what the sign says. It may say something like "warning...may be mold" I believe. Or "warning there is mold" |
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Expert
Posts: 2276
Location: ohio-in my own little world with pretty ponies :) | I'm not losing hope about it yet but we are going to get info on it from our realtor and go in the house. |
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Mold