My spouse and I obtained a home in Jacksonville, FL, three years ago.
After living in the house for just eighteen months, the septic system failed and destroyed both bathrooms.
My buddy and I had sewer water backed up and flooding the bathrooms. The smell and mess were horrible. The floors, baseboards and more than 2 of our plumbing fixtures were ruined. My buddy and I faced major repairs and expenses. My buddy and I just recently learned that the previous homeowner knew that the septic system was a pressing problem and did not share these problems on the seller’s disclosure. The home inspection also failed to identify the problem. My buddy and I hoped to sue the former owners however were beyond the three-year statute of limitations for fraud. Because of the location of the septic, the only way to install a current one is to incorporate raised fields, a pump station and retaining wall. I got multiple estimates and the total cost of the project comes in at approximately sixty thousand dollars. There are also fees for the engineer to draw up the plan. My spouse and I can’t afford such a hefty investment, and my pal and I don’t qualify for a personal loan for that much. My buddy and I would like to avoid a HELOC (home equity line of credit) because they can be risky. The variable interest rate is likely to increase. If my pal and I were unable to pay back the loan, my pal and I could lose the house. My buddy and I would like to get out of this house. We’ve added up around one hundred thousand dollars worth of problems with it. While insurance has covered some of the expenses, my spouse and I are traumatized, frustrated and ready to transport on. After debating odd options, my pal and I have decided to toil with a currency home buyer. It took a few minutes to fill out an online form. My buddy and I had an offer in a matter of hours. Considering the elimination of repairs, realtor fees and risk, my pal and I feel the offer is particularly sufficient.