Apparently I'm Not Going to be a Homeowner

I am usually pretty positive and chipper on this blog so I do apologize for another depressing post (though not as bad as my last one). I appreciate everyone's motivating comments and even how some of you shared how you didn't get into your first law school choice, and how things worked out for the best. I'm sure that this is meant to be and I am staying focused on my study plan (back-up plan) to keep me sane and to keep me from feeling like a failure.

But I was also distracted because of the condo we were about to close on. We had an inspection on Saturday morning and everything went well. We were ecstatic and taking measurements, talking to neighbors, having our dog meet the neighbors' dogs, etc. Everything looked fine and there were only some minor cosmetic items to fix. At the last moment before we were about to leave and after we signed the final paperwork, my BF decided to open up the air duct. Turns out it went all the way down and underneath the foundation, and there was water in there! Lots of it. No one lived in the property for the last few years, so it could have come from anywhere - the upstairs tenant, the rain because we are at the bottom of a slope, anything at all. Yet, because the condo is older, they used galvanized pipes which erode easily (we did a lot of research). There was rust and you could even tell that the water had gone more than halfway up. We consulted a professional and without even looking at the pics we took, they told us that it was pretty bad. We would have to replace the pipe..which is in the concrete and under the foundation... and find out where the water is coming from. It would cost way too much money; over $10k for sure. We don't want to waste our time and anyone else's time so we decided that we will back out. This was possibly a blessing in disguise but now we are back to square one. There is a place for us out there... I hope we find you soon!

Feels like I'm back at square one in a lot of aspects of my life right now but I will keep truckin'... hope everyone else had a better weekend than me :)


Michelle P said...Best Blogger Tips[Reply to comment]Best Blogger Templates

AWww that stinks, but that's really good that you noticed that.

Bryan said...Best Blogger Tips[Reply to comment]Best Blogger Templates

That's GREAT that you noticed that before you put money down. My wife and I were stuck with a broken, old a/c that stopped working as soon as (and possibly before) we purchased the place. Any big expenses are great to get checked out prior to buying.

Emmy said...Best Blogger Tips[Reply to comment]Best Blogger Templates

Ohh man!!! I know it seems like a bad thing that you're not a homeowner yet, but I think it's a really good thing you found out in time! Good luck with everything!

Canadian Saver said...Best Blogger Tips[Reply to comment]Best Blogger Templates

Oh I'm sorry to hear about this... glad you found out sooner rather than later though!!

Niki said...Best Blogger Tips[Reply to comment]Best Blogger Templates

I would definitely be counting your blessings. That would have been a horrible thing to go through. We went through something similar with pipe problems right when we moved in. Headache!

Good luck with the next one.

Bethany said...Best Blogger Tips[Reply to comment]Best Blogger Templates

awhhh bummer! I am sorry honey!

Young Professional Finances said...Best Blogger Tips[Reply to comment]Best Blogger Templates

This must be so disappointing! I remember when I was buying a house and my first one fell through due to loan problems - it was a horrible disappointment. I'm sorry it didn't work out but it's really good you found it ahead of time - I try to look at these things as blessings in disguise. You'll definitely find the perfect house for you soon.

Go and get the life you want! said...Best Blogger Tips[Reply to comment]Best Blogger Templates

It's too bad that it didn't work out but better to find out before hand.

Babybluewater said...Best Blogger Tips[Reply to comment]Best Blogger Templates

Bummer, that does stink, but thank gosh you saw it now before it was too late! Stay positive :)

fabulouslyfrugirl said...Best Blogger Tips[Reply to comment]Best Blogger Templates

It's better now that you see it then later when you have to pay for getting it fixed! Good thing your BF checked out the duct.

judy said...Best Blogger Tips[Reply to comment]Best Blogger Templates

Don't look at it as being back at square one look at it as you saved yourself alot of money and problems down the line.

Hope you find something else you like soon

The Happy Homeowner said...Best Blogger Tips[Reply to comment]Best Blogger Templates

I agree with what everyone else has said above, it's SUCH a great thing that you guys noticed this before purchasing!! I'm really sorry that all of this is happening at the same time because it's all a lot to deal with, but just keep searching for the sunshine through the clouds. It's cheesy, but so true and is something that's always helped me get through rough times.

Rafiki said...Best Blogger Tips[Reply to comment]Best Blogger Templates

You are far from ever being a failure. I'm now catching up on the last three post and from a glance through I can see you've slid down a slope a little bit.

I can honestly say I am glad you discovered this problem before it became to late because it would be much harder and much more saddening if you had discovered it after.

Keep your head up and try and put a smile on your face. Do some exercising, I know you enjoy that. The worst case right now is that you still have $20000 in cash. You are bound to find something even better in the future.

Just remember, you are anything but a failure. I'd put you down as an inspiration. There is so much you have to be proud of and to look forward to. And you have also shared a great lesson when it comes to buying houses. You really need to check every little crevice there is.

Chin up and smile :)

fred said...Best Blogger Tips[Reply to comment]Best Blogger Templates

Buying a house is a great goal for the New Year. Make sure that resolution has some back up with a life insurance policy. You can get a quick and easy quote from IntelliQuote in just minutes. Find out how little it could cost to keep (and protect) that home for future generations. http://bit.ly/xPtmph

shopping2saving said...Best Blogger Tips[Reply to comment]Best Blogger Templates

Thanks so much everyone. I hope you all know that being around such supportive and understanding people really keep me motivated and sane. I truly appreciate it.

Newlyweds on a Budget said...Best Blogger Tips[Reply to comment]Best Blogger Templates

sorry for the late comments on your last post and this one, but i am just catching up with blogs.
1) I am SO sorry about law school. That sucks you didn't get your first choice.
2) Your heart must be even more broken now that you don't get the condo! How crazy is that?! I am sure it is a blessing in disguise and thank goodness your bf found it. C'est la vie. Hang in there, things will turn around again soon.

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