Katherine Y
06-25-2016, 08:52 AM
My husband and I are first time home-buyers and we recently put an offer on a home. The offer was accepted, but the inspection report revealed a lot of issues we did not expect.
To put it in perspective, the home has the layout we want in the neighborhood we want. The home appraised for approximately 180k in 2015 and our offer was 166k. Other homes in the neighborhood that are much smaller are selling for 200k. This house is one of the only houses in the neighborhood with a pool.
We were worried about the foundation, but the inspection revealed no problems with the foundation.
However, the inspector was concerned about a crack running through the stucco exterior. He felt the stucco may need to be removed and replaced with something else.
I have tried to get a stucco inspector out to the home, but everyone I have called has been booked. One inspector even advised me to walk away from the home due to the humidity here in Houston. However, a contractor said he thought the stucco on this home was largely cosmetic and in good working order. He felt that a simple sealant would correct any issues and prevent moisture intrusion.
The inspection report is available if anyone is willing to review it.
If the home is basically secure, and the cracked stucco is mostly cosmetic in nature, then we would proceed with the purchase of the home. However, we are concerned about unseen moisture intrusion behind the stucco. Worth noting that infrared light did not show any signs of moisture intrusion on the wall with the crack, only in areas where flashing had not been done correctly near the chimney and skylights.
I would appreciate any comments and assistance because we do not want to get stuck with a lemon, however, we also do not want to walk away from a home we really like at a great price just because of a stucco crack.
There is an old article about the home here: http://swamplot.com/windows-on-the-world-of-a-candlelight-oaks-village-redo/2012-12-11/#comments
It was purchased as a foreclosure in 2012 and remodeled and is now back on the market.
Regards,
Katherine
To put it in perspective, the home has the layout we want in the neighborhood we want. The home appraised for approximately 180k in 2015 and our offer was 166k. Other homes in the neighborhood that are much smaller are selling for 200k. This house is one of the only houses in the neighborhood with a pool.
We were worried about the foundation, but the inspection revealed no problems with the foundation.
However, the inspector was concerned about a crack running through the stucco exterior. He felt the stucco may need to be removed and replaced with something else.
I have tried to get a stucco inspector out to the home, but everyone I have called has been booked. One inspector even advised me to walk away from the home due to the humidity here in Houston. However, a contractor said he thought the stucco on this home was largely cosmetic and in good working order. He felt that a simple sealant would correct any issues and prevent moisture intrusion.
The inspection report is available if anyone is willing to review it.
If the home is basically secure, and the cracked stucco is mostly cosmetic in nature, then we would proceed with the purchase of the home. However, we are concerned about unseen moisture intrusion behind the stucco. Worth noting that infrared light did not show any signs of moisture intrusion on the wall with the crack, only in areas where flashing had not been done correctly near the chimney and skylights.
I would appreciate any comments and assistance because we do not want to get stuck with a lemon, however, we also do not want to walk away from a home we really like at a great price just because of a stucco crack.
There is an old article about the home here: http://swamplot.com/windows-on-the-world-of-a-candlelight-oaks-village-redo/2012-12-11/#comments
It was purchased as a foreclosure in 2012 and remodeled and is now back on the market.
Regards,
Katherine