Ripping a contract

Posted on November 16th, 2009 in Journal0 Comments

We did. Today. The contract for our house. Well, it’s not ours anymore.

What happened, I can hear you think. Well……. We found a house we really liked. Both Linda and I were super about it: the design, the layout of the floors, the location, the garden, …. Remind you, this does not happen very often. So we decided we’ll have a look at it. Which we did and couldn’t really see a lot of mistakes. Or in other words: big future investments to fix it.

Enter the bidding war 2 weeks ago, where we went maybe a bit longer than we actually had planned, due to the reason stated above. So we go and sign a contract were it says that we are going to buy the house. But…. history learned us that we want an extra paragraph stating that we will do an inspection of the house by a 3rd party and have the right to cancel the contract if we want afterwards.
This inspection was something the real estate agent thought not needed, since the house was in perfect condition.

Comes last friday (13th) when our inspection guy does his thing during a 3 hours session. Very long that is. Because he had to write a lot of stuff down !!!! He actually had more than 6 pages (A4 size). Conclusion: the house was not really in that perfect condition. Actually, it was very poor. Not looked after for the last 20 years, resulting in mold in the area under the house, a roof that needs to be replaced, …. The list is long.

So we are not going to buy a house. Again. We ripped the contract today. And I can live with that, but the thing that upsets me the most is that in the buying/selling properties market, some people are just out after the money. And they lie, cheat, …. a lot to get to “their” money. The only thing we can do is file a complaint about the real estate agent’s behavior and hope that other people will do the same, so that one day we’ll have a cleaner market.