Home failed inspection.. miserably

[burbuja0512]

As far as the realtor pushing to make the seller walk away, she could be trying to force the deal through. If the seller does decide to make the corrections or price reduction, you're committed or out the earnest money so she may think you'll go forward with the sale to avoid that loss. That's a commission check. Or, she may be privy to arguments by the seller and seller's realtor that they intend to try to keep the earnest money if you walk first, and she might be trying to save you the headache. If your contract definitely reads that you are able to walk based upon the housing inspection, push the issue with your realtor and see if you can get a measure of what her motivations are.

Very good point... I don't entirely understand it because we are a "sure thing" - we know we want a house and we're pre-qualified for a decent amount. But, the market in Chicago not being great, perhaps she's in a rush.

You'll find the right home! You will. When we bought our home, we were not in any rush and wanted to make absolutely certain we were not walking into a money pit. One thing our realtor suggested - and we did - was to write "Seller pays inspection fees" into the offer contract. She said it does somewhat weaken an offer, but it's a very strong indicator of whether or not a seller is up-front on their disclosures, and confident of the state of upkeep on a home if they're willing to fork in that cash. We made an offer on one home and the offer was rejected due to that clause, and we later found out it had severe structural issues. The seller of our current home agreed to the clause, paid the inspection, and the inspection turned up nothing that was not already disclosed. It gave us a lot of peace of mind about what we were walking into that the seller knew the state of the home and had that confidence.

Ohhhhhh.. I love this idea!!!! It's great!!!!! $600 bucks is a lot of money to pay and lose on an inspection, so would love to have the seller pay. If they're motivated enough and don't have anything to hide, it shouldn't matter. I know my husband and I just sold our rental home and we're getting to sell our primary residence here in Colorado and we did jump through a few hoops when we had a good buyer, but it paid off. Our rental sold relatively quickly considering that we chose to put it on the market in the middle of winter. Of course we also completely re-painted inside and out, re-stained the deck, re-carpeted and fixed all minor issues. I just think that's what responsible sellers do, but of course not everyone is responsible.

I'm so glad you guys are here to help!!! I am a stressed out nightmare right now and hearing all these different perspectives is so helpful.