Monday, January 31, 2011

Inspection

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!

10 comments:

{av} said...

yay! one step closer--don't wait for something to go wrong...I have great feelings that things are going to go splendidly! my fingers are crossed and prayers are coming your way :) make sure to stop by soon and enter my giveaway...you can get some new stationery with your new address! xoxo {av}

Bicoastal Bride said...

How exciting! I would be waiting anxiously for something to go wrong, too, but here's hoping it all works out and you'll soon be in your new home!

Marian said...

Oh wow, that is great!! We had a long list of things that needed to be fixed before we could move in.

Teenage Bride said...

At least there was nothing too major...auxillary heat is expensive it runs off of electric, kicks on when it gets to cold ... pretty sure that is a good way of explaining anyway

Mrs EyeCanSee said...

Good luck! We got to buy a new heat/AC unit shortly after we moved in too. NOT fun! But when you're WAY pregnant in the middle of the summer, you'll pay anything for some AC!

Chocolate Lover said...

Hopefully this gets sorted out soon, and doesn't cost you guys an arm and a leg! I'd be on the edge of my seat with anticipation too!

bananas. said...

this part is the worst!! anything that could go wrong, usually does right before closing. here's hoping you won't have to deal with any bad news bears. finger crossed!!!

Born to be Mrs. Beever said...

So exciting! I'll have to browse back and see if you've posted any pictures yet? Or are you waiting to do that once you move in and make it your home? :) Congratulations on the new home. Mr Fix It bought a foreclosure about 14 years ago (the house we live in now) and everyone on the street tells me what a great deal he got but then I hear about how much work he had to put into it to fix it up. I hope your move goes smoothly!

Kathryn said...

What an exciting time!! I know it's stressful, though, so I hope everything goes okay with the inspection. Can't wait to see how it all turns out! Love your blog! :)

bekapaige said...

The waiting is so stressful I know, I felt the same way, but that is great about your inspection going well thus far!

Exciting :)