Trying to purchase 1st home - thoughts and advice? *UPDATE* *UPDATE2*
So we've found a house, and we have a pre-approval for a loan, plus we have the money for the down payment - we made a verbal offer and the seller accepted, and we just received the paperwork offer and all we have to do is sign and then wait for everything to go through.
Problem is, now DH doesn't want to sign because he would actually like to have an inspection done before signing because he is concerned about the basement/foundation (it is a wet basement and we were informed prior to making the offer). DH just doesn't want to sign & put down the earnest money ($1000) and end up losing it after turning in the contract if the inspection turns up that it is too dangerous for the kids and us to live there (he is worried the basement will cave in). We have until monday to turn in the paperwork and pay the money - so today I need to call the owner and see if we can have an inspection done on Monday (DH only day off) and hope that he just won't pull the plug on us for being difficult.
I am stressed about it - I really hope he lets us have the inspection done and that it all turns out ok because then once we close on the house, it will cut our rent by $475!! Which would be super awesome and allow to finally get on track to saving more money for the future.
Anybody have any experiences with this (buying or sellling?)
After a few messages back and forth with the attorney, and the attorney with the seller - the seller has agreed to allow an inspection prior to us signing anything!! Yay!! Now all we are praying for is the inspector to say that the house is livable and won't fall apart from under our feet and we will be in the clear to purchase the home! So excited, and very thankful the seller agreed instead of just pulling the plug on us for being difficult :) I will update again after the inspection - which should be happening Monday morning :)
So the inspection went well! Yes, there is a lot of work to be done, but we already knew that, and the foundation is actually in pretty good condition, so we are thrilled! We got all the paperwork turned in, and all the loan papers filled out and turned in as well, now we wait for everything to go through!! Super excited :)
~Let go, and Let God~