Originally Posted by Leingod

We are in the process of backing out of the contract. The sellers came back with a concession of 10k in reduction price. I'm telling them to get lost. They bought the house in 2013 for 50k and have sunk zero money into it and are now trying to sell for 95k.

The retail value on the surrounding houses range from 130k to 160k. Nothing crazy.

I got a quote back from 2 masonry contractors. One for 13.5k and another for 15k to fix the foundation. That alone will make me walk away without a second thought.

The wet spot on the ceiling is most likely due to some flashing on the roof where no center caps were put in place. So i'd be looking at 1k to add caps since it's an architectural shingled roof.

The house would need gutters because again, the sellers are lazy arseholes. So factor in $900-$1,200 for a good seamless system.

The pavement and surrounding areas of the garden should have new soil dumped in because the morons decided to dig out a hole near the front wall for some unknown reason.

I'm over it. We are just going to keep looking. The redeeming quality is that I now know what to look for in detail when we look at other places. We checked out another house a few days ago and I was able to tell that the roof was wicked old due to flashing of the shingles, the basement had water issues due to the amount of cop webs and staining, the kitchen still had asbestos flooring from how old it looked, and where the current owner cut corners when trying to knock down a wall to extend the dining area.

I understand 100k-150k doesn't buy a lot in todays age, but I also don't expect to be seeing the asinine issues cropping up as well. 100k to me means the kitchen needs new cabinets and fresh paint. Not cracked foundation and complete remodel of 3 different rooms.