Buying A Home
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Dealing with losing a deal... :(

Hi everyone,

We (buyers) had home inspections yesterday and there were some very big issues that it looks like the seller will not be able to afford to fix.  We do not have the money to fix them either, and we are using a loan that requires these things to be in order (not a rehab loan), so it looks like we might end up having to walk away from this house.

We are sad and exhausted after this process, and bummed about losing the house and money on inspections and other fees.

Has anyone else been through this?  Any words of advice or encouragement?

Re: Dealing with losing a deal... :(

  • SisugalSisugal member
    Eighth Anniversary 10000 Comments 100 Love Its Combo Breaker
    The selling season is just beginning. 
    Take the day to be sad - then move on to something better.
    There is more than one good house on the block - hang in there.

    (It took us 6 months to find house #1 and 4 years for house #2 - the good ones are worth the wait )
  • Thanks guys, I really do appreciate it.  I am concerned with the money we are losing on inspections each time something like this happens!  Maybe we'll take a little time off to regain our losses.
  • AprilH81 said:
    Yeah, that may be the worst part of it all.  Try to look at it by how much money you SAVED by not buying a money pit.
    This is definitely the best way to look at it - thank you!!
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