DIY Home Improvement, Remodeling & Repair Forum > DIY Home Improvement > Bricks, Masonry and Concrete > Brick Repair on Fannie Mae home - buy or run?




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Old 05-04-2014, 05:03 PM  
jahdzia
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Originally Posted by Wuzzat? View Post
"What is found ahead of time is the minimum number of problems."
Thinking about it that way makes it extra scary, we lowballed then almost 20Gs and they came back with 4000 off - so we said no try again and they are no sending out three contractors to look at it and then decide of they'll take 12grand off the price. My worry is that if they say yes, it's because the repair is too much.

Thanks for the advice. Sounds like assuming this is a 20,000 repair wasn't a bad conclusion.


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Old 05-04-2014, 09:20 PM  
nealtw
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If they find a contractor and offer to fix it for full price, then you will want to see permits and inspection.


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Old 05-09-2014, 07:20 PM  
jahdzia
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If they find a contractor and offer to fix it for full price, then you will want to see permits and inspection.
It's fannie mae they won't fix it. Getting super mad that we havent' heard from them in over a week and of course it's been raining every day since - making the problem worse most likely.
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Old 05-10-2014, 09:52 AM  
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I would think Fannie Mae is like buying from CMHC in Canada. You just have to get a price that leaves you enough to do the fixing.
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Old 05-10-2014, 11:08 PM  
slownsteady
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Do you have enough time to bring in a mason for an estimate? That would be the x-factor in the price of the purchase. Are any of the bricks loose to the touch? That would seem like a different level of seriousness.


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