On Friday we had our home inspection. A home inspection is a vital part of the home buying process especially when you are buying a foreclosure. There is no way of knowing what is lurking behind walls without a proper inspection.
Since I had to work, Kristian met the inspector at the townhouse and three hours later he was finished. Because of the snow we got last week he wasn't able to look at the roof but will come back hopefully this week and check it out.
For the most part the inspection went well, especially given the age of the home. There were definitely some minor issues that we'll eventually need to take care. There was however one major issue that we need to get worked out. He discovered that the HVAC (heating and air conditioning unit) isn't working. Since we're moving in February it would be nice to have heat in the house. Right now the house is being heated by auxiliary heat (whatever that means). The inspector wasn't able to determine why it's not working. It could be a quick and easy fix or the whole unit could need to be replaced which would be mucho bucks.
So the listing agent for the house is sending an HVAC guy to come inspect the furnace and tell us what the issue is. Since the home is a foreclosure and being sold "as is" by the bank if there is a major issue with it we'll need to see if we can work something out. Maybe some kind of credit from the bank, because I certainly don't have another $5K to shell out to replace it. So I'm keeping my fingers crossed that it's a simple and cheap fix and that the roof inspection later this week comes back okay.
Between now and when we close and have the keys in hand I'm going to be on edge waiting for something to go wrong either with the house itself or the loan. I've spent all day going back and forth with our mortgage lender sending all my financial records and information to process the loan including the loan application and all 35 pages that I had to sign. He did however give me an A+ for timeliness in document retrieval. Guess it pays to be organized!