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krkessler
Anon
2014-Oct-22 10:20 pm
Would you buy a house with this historyWe are interested I a house that has a little bit of history that is concerning to us. About 8 years ago the house was a foreclosure with mold in the basement from a leaky block foundation. The mold was removed and interior drain tile was placed in 3/4ths of the basement.
Would you buy this house? Obviously our offer is contingent on inspection, moisture testing, and inspection by foundation specialist? I think it might be worth it, my husband not so much:) |
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tcope Premium Member join:2003-05-07 Sandy, UT |
tcope
Premium Member
2014-Oct-22 10:26 pm
So many other variables. If I had $1 million to spend, I'd not spend it on that house. If I had $100,000 to spend and needed a house cheap, perhaps. Many other things to consider as well. |
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2 recommendations |
to krkessler
If its been 8 years since the problem was fixed, and it shows no sign of an issue since, I don't see why the history is a problem. If anything, the fact that an 8 year old problem/repair was disclosed means the sellers are more honest than most. Far better to deal with them than some house flipper who covered something up to get the sale. |
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mackey Premium Member join:2007-08-20 |
mackey
Premium Member
2014-Oct-22 10:49 pm
said by Camelot One:If its been 8 years since the problem was fixed, and it shows no sign of an issue since, I don't see why the history is a problem. If anything, the fact that an 8 year old problem/repair was disclosed means the sellers are more honest than most. Far better to deal with them than some house flipper who covered something up to get the sale. This. |
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nunyaLXI 483 MVM join:2000-12-23 O Fallon, MO ·Charter
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to krkessler
I haven't met a block foundation yet that doesn't leak. Does the house depend on pumps to keep the basement dry?
Prior foundation / water problems are almost an instant "turn off" for me.
The problem with inspections is nobody can see underground.
My sister just got a $30,000 lesson on a foundation that was professionally repaired by the previous owner. |
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outblock to krkessler
Anon
2014-Oct-23 9:13 am
to krkessler
depends on where the moisture was coming from. perhaps landscaping is funneling rain water toward the house, perhaps a rain gutter and downpipe is leaking, perhaps there's some plumbing leak inside the house? the full solution to leaky block walls would be to re=excavate all round the house, down as far as the cellar floor and below, to apply water proofing sealant to the OUTSIDE of the basement walls.
applying tile or sealant to the inside of the basement walls is not fixing the source of the problem. you may still have moldy blocks and walls behind the inside sealant.
can you show photos of the tile solution?
bleach does well for removing mold, but then you have bleach smell in your basement. |
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Msradell Premium Member join:2008-12-25 Louisville, KY |
to krkessler
I'm inclined to agree with the earlier posters that said if it's been eight years and they are disclosing it it's not a problem now. Unlike Nunya, I've seen and actually lived in homes with block foundations there were perfectly dry and didn't have pumps running constantly. It strictly depends on how well the waterproofing was done.
I think your idea about making the offer contingent on the two inspections is a great idea as they both came up clean I wouldn't be hesitant at all about purchasing the home. |
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cableties
Premium Member
2014-Oct-23 11:58 am
Without xray vision and such, it is gamble.
I am looking at homes and one was 220yrs old. The owner (a general contractor) noted the basement was drylocked, has a working sump and will get some water during extensive rains (hurricanes, 7 day downpours,...) but it never flooded. He then talked how he dry-lok's the walls (but didn't mention about tying drainspouts to dry sump down the yard). He then mentioned how he sent the washer water to the dry-sump rather than septic tank. THAT was a big red mark.
I may look at a home that will need new septic (and know of company that can to the work reasonably and to handle additional bath/DW run). But I realize that going in.
Offer with contingency is great suggestion. I was told to have $20K put in escrow if I settle on the home, on contingency/restriction of any septic issues and remediation. |
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