Hi folks. I need some advise on this house we’re looking at buying.
When we first decided to make an offer on the house, we had an inspector come and inspect the house. Essentially the original house is in fine condition, apart from cosmetic needs like carpet and paint, but the addition, which is two floors and includes the entire kitchen, was in the words of the appraiser “all wrong.” There was wiring and plumbing funkiness, the wrong kind of insulation, wrong kind of studs, etc. But most importantly, we were told that 1/4 of the foundation under the addition was essentially nothing: cinder blocks on card board.
Our realtor advised us that a house with these kinds of problems would not pass FHA appraisal, so we got a contractor at our church to give us an estimate of what it would cost to brink the addition up to code. Estimate in hand, we proceeded with the FHA appraisal, with the expectation that the seller (a bank) would make whatever repairs necessary to pass FHA standards and sell the house.
Sunday we heard back from the appraiser that the house would need two things to qualify for our FHA loan: new flooring and new paint. No mention of any of our concerns about the addition. No mention of the foundation (or lack thereof). I don’t know if that means the appraiser just didn’t notice, if he considered it none of his concern, or if he thought the foundation was actually fine.
So my question: obviously, I’m not buying a house with no foundation. I think there’s a verse in the Bible about that. But I would like to buy this house. So how do I go about ensuring that the addition is in fact safe? Do I simply lay down at the seller that we’ll buy the house if they fix the foundation? Should we get the addition re-evaluated? I’m not sure what the proper way to proceed is, and I’m open to any suggestions.