They ran her in circles and circles until the seller told her through the real estate agent that the deal was over if she didn’t find another solution. Luckily, the seller’s real estate agent referred her to another lender and was able to help her to obtain another loan much more quickly, though at a higher interest rate. STORY 2 In another case, Ron and Jenna were planning on upgrading to their second new home. After a long search, they found it — or so they thought. A super bright and colorful kitchen, open living and dining areas, three bathrooms, high ceilings, a fireplace, and even a covered porch; it all made the home seem perfect. They were especially thrilled that the price was only $135,000 — a real steal! They signed the contract and were in the house a little more than a month later. Less than 6 months later, the horror story began to unfold. Jenna was cleaning one of the bathrooms when she noticed tiny little ants with wings. Following Ron’s advice, she called the exterminator. When he arrived, he delivered the first blow — those winged ants were termites. The exterminator went under the house to assess the damage. Not only did he find that the floor under the bathroom was completely infested, but so were the other two bathrooms with the infestation already spreading to the rest of the house. The grand total to repair this problem came to over $12,000! That’s an unbelievable amount of money to unexpectedly invest in a house that you’ve only lived in for less than 6 months. How was that even possible? The key lesson here is to really know the house that you are buying. You should always hire an exterminator on your own to investigate the house, particularly for termites. An ounce of prevention is worth a pound of cure, so if you’re going to make such a huge investment in a new home, the small price of precaution is worth it.
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