Real estate problem, rather long:
My husband and I recently put an offer in on a house. We had an inspection done and to make a long story short the house needs some major updating. The entire electrical and plumbing would have to be redone to bring it up to code (the wiring is knob and tube and what isn't is a safety hazard as it was done without a permit and mistakes were made). The seller bought the house as a fixer-upper but, according to him, HIS seller was supposed to have everything up to code before he bought it. So now he has to hire a lawyer and possibly go to court. To make matters worse, the current seller is laid off of work right now and no new job in sight so obviously he can't afford the updates.
My feeling is that we should walk away, my husband wants to stick it out and see what happens (BTW, I'm due in Jan. with our 2nd). What do you think? What would you do?
Asked by Anonymous at 4:56 PM on Dec. 17, 2009 in Money & Work
Answer by ameriplanmommy5 at 10:29 PM on Dec. 17, 2009
Answer by Anonymous at 4:59 PM on Dec. 17, 2009
Answer by kimigogo at 5:01 PM on Dec. 17, 2009
Answer by midnightmoma at 5:01 PM on Dec. 17, 2009
Answer by slw123 at 5:02 PM on Dec. 17, 2009
Answer by rkoloms at 5:03 PM on Dec. 17, 2009
Answer by Anonymous at 5:03 PM on Dec. 17, 2009
Answer by Anonymous at 5:20 PM on Dec. 17, 2009
Answer by acollins09 at 5:25 PM on Dec. 17, 2009
Answer by pagan_mama at 5:37 PM on Dec. 17, 2009
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