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Message: <blockquote data-quote="CleverNickName" data-source="post: 9642139" data-attributes="member: 50987">Buying a house is a TRIP, y'all.  (That's right, it's time for my Monday house update.)So last week was Paperwork Week.  I got the down payment put together (ouch), and I paid the Estimator (ouch), I signed the Loan Agreement (gulp), and I gave notice with our landlord of 14 years ( <img src="https://cdn.jsdelivr.net/joypixels/assets/8.0/png/unicode/64/1f622.png" class="smilie smilie--emoji" loading="lazy" width="64" height="64" alt=":cry:" title="Crying    :cry:"  data-smilie="15"data-shortname=":cry:" /> ).   Lastly, we put together a list of seller repairs that needed to be done before we would sign the contract.  The list wasn't too terrible, basically it amounted to "hire licensed contractors to fix everything that the inspector found."  Essentially:<ul> <li data-xf-list-type="ul">Replace the roof (the seller had already included this in the contract before the inspection)</li> <li data-xf-list-type="ul">Replace that one circuit of knob-and-tube wiring.</li> <li data-xf-list-type="ul">Rewire those mis-wired outlets in the kitchen.</li> <li data-xf-list-type="ul">Replace some missing/loose/damaged piers in the crawlspace.</li> <li data-xf-list-type="ul">Reinforce all foundation corners with carbon fiber straps.</li> <li data-xf-list-type="ul">Replace the vapor barrier in the crawlspace</li> <li data-xf-list-type="ul">Replace 12 feet of sill plate.</li> <li data-xf-list-type="ul">Mold abatement in the newer attic (when they built the addition, they vented the bathroom to the attic instead of the roof.  The extra moisture caused a problem).</li> <li data-xf-list-type="ul">Install attic vents and soffit vents.</li> </ul>We had also asked for them to insulate the floor, attic, and walls.  (Older houses in Portland typically aren't insulated, so they have terrible energy ratings.)  The estimate from the spray foam insulation contractor came back at $9k, and it wasn't something that the inspector commented on, so we figured they would push back on it.  But it wouldn't hurt to ask, right?Well, we got the notice just this morning: they agreed to all of our terms.  Well, almost:  they didn't agree to insulate the house prior to close, but they did agree to pay us $9k out of escrow after closing, so that we can have it done ourselves.  That is actually a much bigger win for us:  not only does it mean the house gets insulated on their dime, we also get to claim it as an energy credit.The repairs are all capped at $40k, so if (when?) they get in there and find larger issues during construction we might (will) be on the hook for the rest.  Our inspector was pretty thorough; I'm sure they will find something but it probably won't be something major.  Even so...it's going to keep me up at night.I knew the seller was motivated, but daaaang.  The stock market has everyone panicked, and they live out of state...so yeah, we got pretty lucky.   Now all we need is for the interest rates to drop a bit...I feel like we're playing chicken with the FOMC.</blockquote>

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