bhuprak
07-17-2006, 09:57 PM
hi,
I live in Tx.We are in the process of buying a home.We have been searching for homes for the past 4 months.And atlast about a week ago we found a very good house that satisfied all our criteria.The house in 1998 built. As far as maintenance is concerned the home is very well maintained for a 1998 built home. Now this house was on market only for a day.On the 2nd day it had 3 offers ( this info we got it from our agent). Looks like the people who gave the offer gave it for the asking price and they went into the option period that ended yesday.Now after the buyers inspector did the inspection he came up with the fact that the foundation slab had shifted in such a way that the floor on one corner or say one side of the living room had gone down by an inch -say if you looking at the floor from the other end.So becoz of this the buyers terminated the option period saying that they didnt want to proceed any further.So then the sellers agent contacted our agent saying that the house is on the market again .Now the sellers again got a structural engr to have a look at the foundation .The engr came up with the idea that the foundation slab could be fixed by putting piers or piliings -say about 4 to 6 pilings and that this would keep in in place. Now should we go ahead and give an offer or what should we do.WE ARE CONFUSED. This piling issue --is that common....or is it something that has to be taken very seriously. PLEASE HELP.
I live in Tx.We are in the process of buying a home.We have been searching for homes for the past 4 months.And atlast about a week ago we found a very good house that satisfied all our criteria.The house in 1998 built. As far as maintenance is concerned the home is very well maintained for a 1998 built home. Now this house was on market only for a day.On the 2nd day it had 3 offers ( this info we got it from our agent). Looks like the people who gave the offer gave it for the asking price and they went into the option period that ended yesday.Now after the buyers inspector did the inspection he came up with the fact that the foundation slab had shifted in such a way that the floor on one corner or say one side of the living room had gone down by an inch -say if you looking at the floor from the other end.So becoz of this the buyers terminated the option period saying that they didnt want to proceed any further.So then the sellers agent contacted our agent saying that the house is on the market again .Now the sellers again got a structural engr to have a look at the foundation .The engr came up with the idea that the foundation slab could be fixed by putting piers or piliings -say about 4 to 6 pilings and that this would keep in in place. Now should we go ahead and give an offer or what should we do.WE ARE CONFUSED. This piling issue --is that common....or is it something that has to be taken very seriously. PLEASE HELP.