The Hidden Menace
Joel and Leanne thought they’d found their dream home. It had everything: a bright kitchen, high ceilings, and even a covered lanai—all for a seemingly unbeatable price of $335,000. They moved in and began to settle into their new life. Just six months later, Leanne noticed small winged ants in the bathroom. A call to the exterminator revealed a devastating reality: termites. The damage wasn’t limited to one bathroom—it had spread throughout the house, costing them over $12,000 in repairs. Lesson Learned: Always insist on a thorough home inspection, including a wood-destroying organism (WDO) inspection. Seller disclosures may not reveal every issue, so an independent inspection is critical to avoid surprises.
The Job That Disappeared
Philip and Dana were thrilled to buy their first home together. They followed their lender’s instructions and provided all the necessary paperwork. But three days before closing, the lender verified their employment again, only to discover Dana had been let go from her job. The loan was denied, and the deal fell apart. To make matters worse, the seller kept their earnest money, leaving the couple scrambling to pay higher rent on a month-to- month lease. Only after Dana secured a new job were they able to buy another home. Lesson Learned: Be transparent with your lender and keep them updated on any changes in your financial situation, especially employment. Avoid making major life changes, like switching jobs, during the home-buying process.
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