Friday, May 31, 2013

House in Escrow after finishing Rehab - a few glitches along the way!

Finished rehabbing house in Fairfield.  Put back on market at $255k, and went into contract with a $275k conventional buyer.  Had a total of 7 offers within 48 hours, 5 of which were over asking.

Buyers inspections brought a few issues.  I had a termite inspection before selling which came up clear but buyer's inspector said there were termites - what???   Sent my inspector back out and he sent a supplemental report saying that there are no termites - all forwarded to buyer's agent, so waiting to hear about the stand off!!

Home inspector frightened the living daylights out of me regarding roof trusses - new addition had been added about 5 years ago - with permits - and three of the original trusses had been cut flush with the roof line (pics below).   Home inspector says "some of the truss components have been cut.  This can compromise the structural integrity of the manufactured truss and could allow the roof to sag.  Contact structural engineer for repair specifications and have contractor make repairs"  - oops I said.

Fortunately, when I did as I was told and got an engineer out there, he advised me that this was likely done when the addition was put on and the pitch of the roof was changed, allowing a greater span, so all ok - whew!

Hoping this thing will close by next week:)

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