contract at the kitchen counter. Signed everything and walked out of the garage to meet the next door neighbor. The neighbor said something like "are you really buying this place?" and Caleb said "yes, I'll be your new neighbor." The neighbor immediately started to monologue about how he couldn't believe the house is finally under contract after "all that termite damage?" Huh? Nothing was on the disclosures. My buyer hired two termite inspectors and we asked the listing agent about the termites. The home had termites in the past, bad termites along the back wall, but the house had been remodeled and termites removed and treated. So, they did not technically have to be disclosed. The day before inspections, Caleb and I met the listing agent at the home to discuss what else was going on with the property. To this day, I still laugh about the timing. Caleb and I are standing upstairs with the listing agent and there is a bubble in the ceiling. It was about 2 foot across and a foot into the room. The listing agent touches it and the bubble bursts, literally. It was full of water from the air conditioner in the attic. Needless to say, Caleb did not purchase the house. I say all of that to note inspections are important. You as the buyer have the right to inspect everything. And, unless you are a contractor yourself, I highly recommend inspections.
Where did all the money go?
What about money -- can anything ever go wrong with the money needed to purchase a home? Here are two of my favorite stories about money. Not favorite because they are funny, but favorite because they explain how to navigate the process.
Good friend of mine, Will, and his wife Kali put their house up
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