We’re walking away from the Candy Cane Lane house. Basically, it all came down to foundation problems and who would pay for it. The owner didn’t and wasn’t going to fix it and we couldn’t take on that responsibility. She did offer to drop the price by $2,000 but since the fixes were going to cost around $15,000, that wasn’t that great of a deal. Plus, we talked to our loan company and they won’t approve loans where there is a foundation problem unless that problem is fixed beforehand. We thought that would be their stance but we weren’t sure since we had two engineers with two different opinions. Our loan company said they (understandably) always err on the side of caution.
We signed our cancellation papers today and are trying to figure out what our next move is. We are definitely keeping our house on the market and will be going to every single open house out there during the next few weeks.