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Old 11-29-2011, 05:38 PM   #16
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To Buy or not to buy, that is the question.


I tend to agree with Bud and Mark, in that some of the preliminary estimates may be low, but the key here is that nobody knows until it comes time to conduct those repairs. Going back to some of the early posts, no house is perfect. Ours is, in the sense that it is exactly what we want, in fact, it is almost identical to one that I designed as one of my class assignments, and ultimately took to a state championship, about 40 years ago (just some worthless trivia). Nevertheless, we have spent money that we had not intended to on various repairs over the past 25 years or so. Point being, you are going to spend money on this one, and you are going to spend money on the next one that you look at, and the next one, and so on. As for full disclosure, or whatever you want to call it, well, my two cents worth is that it is worth just that, two cents. Most anyone here can tell you similar stories, but I know a couple who, about 10 years ago, bought one of the biggest, fanciest houses in the area. Absolutely beautiful, and brand new. And this year, they have brand new, absolutely beautiful windows. Not because they wanted new windows, but because of improper installation of the original windows, which, left unchecked, resulted in the only rational solution being complete replacement. You are going to spend unexpected dollars, hopefully not a lot, but certainly some, on any home. If you want the house, buy it. If you absolutely love the house, the neighborhood, the schools, the landscape, or whatever your triggers are, but are reluctant because of the unknown costs of repairs, and perhaps are not in a position in which to afford such, you are probably looking at more house than you really need right now, because, in order to pay for it, you are going to have to work, and in order to do that, you are going to need to be able to sleep at night. And yes, in case you didn't notice, I am an old codger!


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Old 11-29-2011, 10:39 PM   #17
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To Buy or not to buy, that is the question.


Those issues sound very minor compared to many homes on the market.
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Old 11-30-2011, 07:09 AM   #18
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To Buy or not to buy, that is the question.


*snip* - wrong thread.
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Old 12-01-2011, 12:26 PM   #19
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To Buy or not to buy, that is the question.


I don't thinks these two things would be a show stopper for me. I recently had an issue with water leaking in my bathroom in the wall of the shower. The tile was old and the bathroom desperately needed a remodel. We replaced the bath tub as it was super old and didn't look clean anymore no matter how much scrubbing you did plus it wasn't very deep at all. We replaced the tub, tiled the shower, tiled the floor, had to pull up the sub floor, replaced the vanity/sink, shower and bathroom faucets, painted, new molding and all the small things like shower curtain, rods, toilet paper holder, towel holders and such. The only thing we didn't replace was the toilet, we replaced it a couple years ago. We spent $1500 for a new bathroom. We did all the work ourselves. We shopped around and found some great deals. So getting $1000 should be plenty even if you have to replace wood if you did the work yourself or know someone that isn't expensive.

The roof has warranty on it, get it checked out and fixed before the warranty expires.

Buying your first home is pretty exciting! Congrats! Let us know what you end up doing.

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Old 12-02-2011, 04:37 PM   #20
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To Buy or not to buy, that is the question.


Just so you understand, if water has been getting under the shower tiles, everything under there is likely rotten and will need to be replaced. Thats going to cost a lot more than $1000. But thats not neccesarily a show-stopper. As has been said already in this thread, no house is perfect. If the shower looks like hell, then that fact is already reflected in the asking price of the house. A similar house with a shower thats looks brand new is going to be asking $5000 more. If the damage is mostly hidden and was found by your inspector, I would use that to try to negotiate a better price.
As for the roof, I would try getting to the bottom of it. Maybe you, your inspector, and the guys who installed the roof all getting together at the same place at the same time.
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Old 12-02-2011, 07:26 PM   #21
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To Buy or not to buy, that is the question.


Quote:
If the shower looks like hell, then that fact is already reflected in the asking price of the house. A similar house with a shower thats looks brand new is going to be asking $5000 more.
YOU don't know that.
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Old 12-02-2011, 07:31 PM   #22
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To Buy or not to buy, that is the question.


What about the rest of the house? If it is great shape, redoing one shower might not be all that bad. Ultimately the decision is yours. Good luck,
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Old 12-06-2011, 11:27 AM   #23
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To Buy or not to buy, that is the question.


Get a reputable tile guy to look at the shower. His opinion is worth way more than a home inspector.

But basically I'm right with the first reply. Welcome to home ownership. There's always something to deal with. Usually minor, but sometimes not.

One thing to consider: now the homeowner has a disclosure issue. In my state, and most, if not all others, if you know you have a roof leak, you have to disclose it in the listing documents, and that will make the house a lot harder to sell. Good incentive to make an allowance for it.

When we bought our house the seller had to pay for $10,000 worth of foundation drainage for that exact reason -- they didn't want to pay for it, but they thought we would walk, and then they'd need to disclose that in the listing.

Assuming your Realtor isn't the listing agent, then you can use them to help feel out the seller regarding stuff like this. Your Realtor, if you've established a buying relationship with them, will get a commission no matter what house you buy, but the listing agent (basically) only gets a commission if the house sells prior to their contract expiring.

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