Housing Decisions

So we're in the market to buy a house.  We started looking at houses the weekend after Thanksgiving and soon saw what our money would get us.  We wanted to stay in a lot lower price range than was offered by the mortgage company, but when we saw what that amount would get us, we quickly realized we would need to go a little higher.  We looked at a couple bank-owned properties that would be a nice fit, but the process to get the house would take much too long, so we focused our search on seller-owned homes. 

We found a really nice home just literally around the corner from where we go to church and about 30 minutes north of Nick's work.  We put an offer in on the property, and after a couple of counter offers, we negotiated a price that worked for all parties involved.  We've gotten the paperwork started for the loan, which when all is said and done, we're paying a little more than we originally intended, but in the long run, this house is the best for us. 

We had a home inspection two days ago which revealed a few minor issues that need to be fixed before settlement, but nothing too major with those.  There is one major issue, however, that could really break our deal.  The roof leaks in a few spots and the home inspector's opinion is that the roof be replaced.  We had a roofing guy come take a look at the roof yesterday and we're waiting to hear what he has to say.  The issue is not with us, but with the seller.  We're afraid that the sellers, who are not being the most cooperative anyhow, won't do anything to fix the problem.  We can't afford to have the roof replaced ourselves and I don't want to just patch it up and inherit their problem for us to fix later down the road.  So we'll see what happens here in the next couple days.  Hopefully by Friday we'll know what the deal is. 

If we lose this house over this it'll be very disappointing.  There isn't a whole lot around where we want to stay that fits into our budget that we really like.  So keep your fingers and your toes crossed, and pray that the outcome is in our favor!