Oh where do I begin? We decided to back out of the contract we had on the house yesterday. We are so very sad, frustrated, and disappointed. There were so many red flags that have come up since last Wednesday (after we had waited 5 months and finally gone under contract). We had an inspection done on the house and there were several things wrong that we didn't have the money to fix. Plus the sellers were refusing to cooperate after we started asking questions about the problems in the house (red flag). Then there were zoning problems with the house so we would have to bend a lot to get an FHA loan. When and if we were approved who knows if we would ever be able to sell it, so we decided to back out. Plus the appraisal came back really low, which wasn't very helpful. All in all, we know this is what we we're supposed to do but now we are stuck renting until next year, and until we can save enough money to possible try and buy a house again. I really loved that house but there was no way we would ever be able to sell it in the future and not lose a lot of money. The most frustrating parts of this whole ordeal is the money we spent on the house, not being able to get any of it back, and the time we have spent waiting for this particular house. We were able to get our earnest money back but all the money on everything else is gone. We do know that there is some reason this house didn't work out and hopefully it because there is something better out there!
What we are looking forward to: Sofie's 1st birthday this weekend!
What I am not looking forward to: Un-packing boxes in the same place :o(
NOVEMBER RANDOMS
3 years ago
