Update 5/27/21 - The Other House
By LindaOH
@LindaOHio (157330)
United States
May 27, 2021 2:10pm CST
The guy from Ohio State Waterproofing just left. I knew that we had cracks in the foundation and that the garage was sinking a little; but the report explaining the water coming into the room off the garage is so much worse.
Our foundation on that side of the house is corroded; and water is coming in through the walls and up through the floor. Major work is required to take care of it. It will cost $16,000 to repair. There are insects in the foundation and mold everywhere AND the foundation is sinking.
We have a big decision to make. Put out $16,000 and maybe get a good price for the house (but they can't do it until September or October) or sell to a flipper for next to nothing now. The hot, hot, hot real estate market nationwide is beginning to slow down.
Every time hubs goes over to the other house, he comes back with bad news.
So what's new in your life?
Photo Credit: Pixabay
15 people like this
12 responses
@ScribbledAdNauseum (104632)
• United States
27 May 21
I guess it's a matter of whether you want to be done with the headache and take the loss, or get everything repaired and hope you won't be sitting on it for awhile.
1 person likes this
@LindaOHio (157330)
• United States
27 May 21
If they could get it done right away, we might have a chance of making it up in the price; but selling a house in October or November is not good. I don't know what we are going to do. This sucks.
1 person likes this
@ScribbledAdNauseum (104632)
• United States
27 May 21
@LindaOHio Oh, got you. I guess I didn't read that part right the first time. Letting it sit could just cause more problems too.
1 person likes this
@LindaOHio (157330)
• United States
28 May 21
@ScribbledAdNauseum Yeah, we already waterproofed the basement, put on a new roof, made repairs to the ceilings and walls, etc. etc. Do we get that money back by making these repairs and getting a decent price (although selling in Oct./Nov. is not a good time) or practically give the house away? I just don't know.
1 person likes this
@wolfgirl569 (95804)
• Marion, Ohio
28 May 21
I know what I would do. You do need to decide soon.
1 person likes this
@wolfgirl569 (95804)
• Marion, Ohio
28 May 21
@LindaOHio I would sell and be done with it. It has been a lot of headaches you you guys. Plus you are not guaranteed to get that much more out of it.
1 person likes this
@LindaOHio (157330)
• United States
28 May 21
What would you do? I want to spend the money so that we can get a decent price for the house (even though we've already spent thousands); hubs want to sell it for next to nothing to a flipper.
1 person likes this
@LindaOHio (157330)
• United States
28 May 21
@wolfgirl569 Thanks. I appreciate your input. Talk at 'ya tomorrow!
1 person likes this
@jobelbojel (34730)
• Philippines
28 May 21
That is a big and tough decision to make. I don't know much about property but based on your post, it costs a lot.
1 person likes this
@LindaOHio (157330)
• United States
28 May 21
Yes, it's definitely a tough decision.
1 person likes this
@RasmaSandra (73743)
• Daytona Beach, Florida
27 May 21
I wish you lots of luck to find a solution to your problem. Nothing new here just hanging out with my laptop,
1 person likes this
@RasmaSandra (73743)
• Daytona Beach, Florida
29 May 21
@LindaOHio still looking but I am hoping soon I do have some places where I do some writing so it is not so bad,
1 person likes this
@LindaOHio (157330)
• United States
28 May 21
It's a tough decision because we've already put thousands of dollars into the house. Are you getting some good writing assignments?
1 person likes this
@LindaOHio (157330)
• United States
29 May 21
@RasmaSandra That's good. I am looking into another social site that JJ recommended. I may write there or maybe some day I will take the plunge and do some content writing. I'm registered with several sites; but I haven't made my first bid or gone after my first job.
1 person likes this
@LindaOHio (157330)
• United States
28 May 21
That's what I think too. Thank you for your opinion.
1 person likes this
@DocAndersen (54407)
• United States
28 May 21
i would take the flipper offer personally at this point. The stress relief alone is worth it! Try to convince the flipper to pay less now, but give you a % of the final sale of the house!
1 person likes this
@LindaOHio (157330)
• United States
28 May 21
It's a tough decision. There are pros and cons to each choice. Thank you for your input.
1 person likes this
@sallypup (58166)
• Centralia, Washington
27 May 21
You're in a real bind. I wish I knew what to tell you. I believe that my part of the world still has hot real estate stuff going on- folks in California find it too expensive so they head to Seattle. That is too pricey so they come over the mountains to my world and even onto Idaho.
1 person likes this
@sallypup (58166)
• Centralia, Washington
28 May 21
@LindaOHio This reminds me of the mobile home that I probably will sell next year. We have put quite a bit of money into the place but it will always need MORE. We will have to draw the line somewhere. In a big way I do not look forward to the visit that we'll have with a realtor in August.
1 person likes this
@LindaOHio (157330)
• United States
28 May 21
Yeah, we've already put thousands into the house which makes the decision even harder. I just don't know. There's a huge difference in what we'll get for the house if we do or don't do the repairs. Thanks for stopping by.
1 person likes this
@DianneN (247219)
• United States
28 May 21
@LindaOHio True, but you never know. There’s a buyer for every house. All you need is patience.
1 person likes this
@LindaOHio (157330)
• United States
28 May 21
I tend to agree with you. The one concern I have is that the house would be finished in October. It's hard to sell a house in November.
1 person likes this
@LindaOHio (157330)
• United States
28 May 21
It's a tough decision because we already put on a new roof and spent thousands in repairs, basement waterproofing, etc. Do we throw that all away and practically give the house away, or do we do these repairs and get a decent price for the house...albeit VERY late in the season when people don't normally buy.
1 person likes this
@workathomefan (8957)
• Prairieville, Louisiana
18 Jul 21
I am a fan of Ohio state buckeyes men and women gymnastics as well as Ohio state buckeyes basketball.
1 person likes this
@LindaOHio (157330)
• United States
28 May 21
It's a hard decision...get a decent price for the house or give it away.
1 person likes this
@CarolDM (203451)
• Nashville, Tennessee
28 May 21
@LindaOHio I can imagine how difficult this issue is.
1 person likes this
