The fact that the realtor is not concerned with him moving into a home like this with that kind of damage is a red flag. I would look for someone else to do a deal with asap.
@@teeduck Well help yourself to a home like that with basement. As long as there’s a damp wet basement mold will grow again especially the mold they missed. Not worth it.
ha thats the name of the game, realtors are a dime a dozen you can always call the next one on the list ha. 90% of the time all they do is literally just open the door for you, the house usually sells itself... I am thinking of getting my own license as many homes as i see its a hassle going through a realtor sometimes
I'm the same way. I've backed out of so many house deals. Buying a home is a stressful process and there is nothing worst than buyers remorse. Take your time. There will always be houses around.
Yep, it's a blessing to discover this flooding problem before you buy it. If it's a simple fix (e.g. downspouts directed towards foundation and not graded properly) you might consider low-balling. Before I ever buy another house I will make sure there is no chances of surface water infiltration - yard is at least as high as neighbours, higher than the street/gutter, foundation is well above grade and no cracks, has weeping tile and sump pump, yard is graded properly away from foundation and towards front and back with no low spots or flat spots, city catch basins are working properly, somewhere to pile snow, roofing and eavestroughs are in good repair and installed correctly, not in a flood plain, near a bank that is prone to slumping and doesn't have a high water table. Water and moisture is the only thing that destroys a building without it being obvious.
I just closed on a house, I didn't physically see my realtor once throughout the process. I literally did all the work. I'm thinking, I deserved the 9k check she got.
My realtor drove me around and open the doors for me. Took me to lunch sometimes and some at their home. Even to and from the airport when I was looking for a beach home in Florida.
There's always another house. We once found a house that we really wanted. Made an offer, but were a few minutes too late. We were disappointed, but a couple of years later we found a better house in a better location.
I would never take a chance on buying a home with water damage. I've seen way too many where people have tried to "repair" flood areas or water runoffs where rain/water runs down a hill and destroys the vinyl and lower areas of the sides of the home. Pass.
@@kayrenallen7369 accirdingvto the call. It's not in a flood plane...has no history of having ever flooded. They suspect the recent road work may have changed water flow dynamics which effected the home. So it's likly there was no intentional wrong doing hear on the part of the seller or the realistate co.
I looked at three or four foreclosed houses with cracked foundations/water leakage/mold in basement back in 2014. Thank God that I had the sense to pass on them. I only paid about 10K more for the house that I had now, which is still in excellent shape. I would never buy a house that had problems like this.
I brought a house that had mold and didn't find out until after closing. I got the inspector from the realtor, go figure. He claimed he didn't notice, but that's the first thing my handyman pointed out once he walked in. Lesson learned, ALWAYS GET AN INDEPENDENT INSPECTOR.
This is why you always pay for someone to inspect the house before buying. Extra renovations isn't worth it, unless you can make some profit reselling the place.
Don't do it. I was engaged, planning a wedding, finishing college, working full time, playing in a traveling regional band, and renovating a house all at the same time..... I'm never going to do all of that again 😂
They should get their earnest back, I would imagine because the house was damaged after they put in the offer and earnest while the seller still owned the house. Therefore, they would not be getting the house they initially agreed to buy.
@@Kcducttaper1 totally agree the house isn't what it was listed as for whatever reason. IF they moved forward they would need to imo need a new contract at a decreased price. But they have other stresses a house like this isn't what they need
I’ve never bought a house yet, so my opinion doesn’t have to be taken. But if there’s something that makes you feel hesitant in purchasing something as serious as a house, then you should definitely listen to your gut. The idea of trying to negotiate on getting it for a lower price is good. But I would still run.
If it floods once, it will flood again.. and you may have a hard time selling the property in the future. Learn, move on. Oh and ditch your realtor. She should be telling you to run also.
Get an attorney "yesterday" & let him/her get you out of this mess, without losing any of your money, starting with the $1600 you spent on "radon removal/barrier". Next time have an attorney watching over your shoulder before you make an offer!
what would an attorney done to help this situation at the time of offer other than cost money. most states have a standard contract and no need for attorneys at time of offer.
Depending where you live many areas require sump pumps to deal with the extra water from the snow run off in the spring. Could be the pump was unplugged or the power turned off.
@@patty109109 I immediately think about moisture,dampness,mold,and mildew all through that house and that’s enough for me. It’s not an indoor swimming pool.
Agree. Further, it’s great the caller has investigated the federal wetlands designation, but those designations expand (like taxes, they rarely shrink) every time a new survey comes out. Equally important would be the sellers’ homeowners insurance claims over time, if they’re willing to share. Regardless, eat the cost of paying for the sellers’ new radon system and walk away. You’re getting off easy considering what the obvious complications will cost. Similar situation happened when my husband and I went to buy our first home in the 1980s. The candidate home’s septic system failed miserably upon inspection, and we thought we might be able to work with the seller to install a new system in a location away from where we’d been planning to expand. Our RE lawyer understood how much we loved the house, but advised us to walk away. It was the 2nd best RE advice we ever got. The first was when my dad, a RE broker, told us to never buy a house with basement water damage, no matter how infrequent the problem supposedly was.
Walk away from this deal and thank your lucky stars you are only out the $1600 for the radon system (and I would be asking for that to be reimbursed, but as Dave said, you will probably have to eat that cost.) Houses with water issues equal big money and as others have pointed out, houses with water issues also equal mold and mildew.
My guy this happened to me but mine was foundation issues and at closing after talking to the inspector I decided to pull the deal! I’m glad I did! Everything happens for a reason! Oh yeah and my awesome realtor was able to get me my earnest money back as well no lie!
and he would have an even harder time selling it with prior flood damage history, correct? (I live in a desert, don't know how it works in flood plains)
Something is weird about this one! I would back out. When I was in the process of buying my first home/rental property in Brooklyn NY I made sure to look out for things like this. Luckily this didn't happen. Thankfully i purchased the place and created my UA-cam channel share the steps I took
No freakin way would I buy that property. Mold and mildew would set in and u will have pr forever. The baby will be breathing mildew and mold!!!!! U will be miserable.
This is such STUPID advice. Ramsey doesn't know the character of these people. Ramsey can't possibly say this will cost them a divorce. He didn't even ask what are the details of the negotiation. Peace is relative and every situation is different. This is a situation that can't possibly be resolved in just one call and Ramsey is STUPID for giving such open ended "advice" I'd say if you guys have the character to see this thru, the support and you get a good deal, DO IT! I wish I had been given that opportunity to maximize my returns on my first home. Research investigate and weigh it out. Only you know what you are capable of and same goes for your wife. Be honest with each other and talk it through.
Never-never would I buy a house with water damage or in a flood plain
@@telegramatblain_2479 please simply report comments like this.
@@unknown-fl2ug Stop crying everybody is free to their opinion
Fire your realtor, too. Allowing you to pay $1600 into the house you haven't even bought yet is insane!
Should be in an addendum that would contractually force the seller to reimburse if the deal doesn't go through.
As someone that does renovations for a living Run.
The basement is an indoor pool. I think that's a plus.
That is a deal breaker.👎
The fact that the realtor is not concerned with him moving into a home like this with that kind of damage is a red flag. I would look for someone else to do a deal with asap.
Agreed. That realtor seems shady.
Bye bye house. 👋 An absolute blessing this has happened pre exchange of contracts.
I would bail, bail, bail. You don’t want to deal with mold.
Get out. Consider it a warning shot.
Yup and lumber skyrocketed
Don't do it! You don't want to mess with water problems on your first home especially
Basement flooded? Bail! Bail! Bail!
Amen. He's in for a nightmare until he sells it to the next sucker.
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Be extremely thankful that this happened before you purchased and run. The sellers are desperate to make their problem YOUR PROBLEM.
Not to mention the mold that will forever be in this house!
Not if it's properly remediated. But it's $$$$$. Plus the house is always tagged as a previous mold remediated home.
@@teeduck
That won’t matter.
Like he said mold will forever be in that house.
@@blackworldtraveler3711 so not true
@@teeduck
Well help yourself to a home like that with basement.
As long as there’s a damp wet basement mold will grow again especially the mold they missed.
Not worth it.
I’m a realtors nightmare. I’ve backed out of several houses.
@@telegramatblain_2479
Really?
ha thats the name of the game, realtors are a dime a dozen you can always call the next one on the list ha. 90% of the time all they do is literally just open the door for you, the house usually sells itself... I am thinking of getting my own license as many homes as i see its a hassle going through a realtor sometimes
I'm the same way. I've backed out of so many house deals. Buying a home is a stressful process and there is nothing worst than buyers remorse. Take your time. There will always be houses around.
Me too
@@FreeAgent797 yup no 30 day money bck lol
Yep, it's a blessing to discover this flooding problem before you buy it. If it's a simple fix (e.g. downspouts directed towards foundation and not graded properly) you might consider low-balling. Before I ever buy another house I will make sure there is no chances of surface water infiltration - yard is at least as high as neighbours, higher than the street/gutter, foundation is well above grade and no cracks, has weeping tile and sump pump, yard is graded properly away from foundation and towards front and back with no low spots or flat spots, city catch basins are working properly, somewhere to pile snow, roofing and eavestroughs are in good repair and installed correctly, not in a flood plain, near a bank that is prone to slumping and doesn't have a high water table. Water and moisture is the only thing that destroys a building without it being obvious.
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I've lived through high ground water for four years....run baby run......You do not want to go there....water equals mold!!
I just closed on a house, I didn't physically see my realtor once throughout the process. I literally did all the work. I'm thinking, I deserved the 9k check she got.
My realtor drove me around and open the doors for me.
Took me to lunch sometimes and some at their home.
Even to and from the airport when I was looking for a beach home in Florida.
Same here that realtor didn’t deserve a penny fight it I did msde him split it w me
Water damage = run far away
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Three feet of water? There's nothing to think about. I'm out!!!
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There's always another house. We once found a house that we really wanted. Made an offer, but were a few minutes too late. We were disappointed, but a couple of years later we found a better house in a better location.
Honestly pass on the house if u don’t have the money to pay for the issues.
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Even if they did.
When you realize it’s your house deal they are trying to back out on.. 😶
Interesting way to find out though
But why is the basement flooded and was it disclosed before the deal was made! What if it were in reverse what would you do?
I would never take a chance on buying a home with water damage. I've seen way too many where people have tried to "repair" flood areas or water runoffs where rain/water runs down a hill and destroys the vinyl and lower areas of the sides of the home. Pass.
I dont know if your kidding or not... But if your not.... Yikes...
@@kayrenallen7369 accirdingvto the call. It's not in a flood plane...has no history of having ever flooded. They suspect the recent road work may have changed water flow dynamics which effected the home. So it's likly there was no intentional wrong doing hear on the part of the seller or the realistate co.
Everytime a hard rain comes, the stress would come. Even if it never floods again.
Paying for an update to someone else's house was stupid. I have never, and will never, do that.
it's a blessing you found out before you close the house.
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I looked at three or four foreclosed houses with cracked foundations/water leakage/mold in basement back in 2014. Thank God that I had the sense to pass on them. I only paid about 10K more for the house that I had now, which is still in excellent shape. I would never buy a house that had problems like this.
Flooded house = mold, ask me how I know. I got burnt.
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You mean, you got flooded LOL...but I know what you mean.
I brought a house that had mold and didn't find out until after closing. I got the inspector from the realtor, go figure. He claimed he didn't notice, but that's the first thing my handyman pointed out once he walked in. Lesson learned, ALWAYS GET AN INDEPENDENT INSPECTOR.
Get a real estate attorney to review the conditions of the down payment and 'corrections'.
RUN!!!! Get tf out of that deal
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The basement flooding pre-closing is a blessing......Run!
Those newly paved streets will continue to move water in basement
This is why you always pay for someone to inspect the house before buying. Extra renovations isn't worth it, unless you can make some profit reselling the place.
Most of the time realtors encourage the buyer to use their list of inspectors. Always find your own independent inspector!!! Always!
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Don't do it. I was engaged, planning a wedding, finishing college, working full time, playing in a traveling regional band, and renovating a house all at the same time..... I'm never going to do all of that again 😂
Sorry house flooded, I'm not losing any money because of that, my earnest is going back in my pocket
They should get their earnest back, I would imagine because the house was damaged after they put in the offer and earnest while the seller still owned the house. Therefore, they would not be getting the house they initially agreed to buy.
@@Kcducttaper1 totally agree the house isn't what it was listed as for whatever reason. IF they moved forward they would need to imo need a new contract at a decreased price. But they have other stresses a house like this isn't what they need
100% correct. Imagine a tree fell on the house, no one in their right mind would expect you to follow though on that deal or keep the earnest money.
I’ve never bought a house yet, so my opinion doesn’t have to be taken. But if there’s something that makes you feel hesitant in purchasing something as serious as a house, then you should definitely listen to your gut. The idea of trying to negotiate on getting it for a lower price is good. But I would still run.
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I agree with Dave. With all his stuff going on he doesn't need this headache.
If it floods once, it will flood again.. and you may have a hard time selling the property in the future. Learn, move on. Oh and ditch your realtor. She should be telling you to run also.
Get an attorney "yesterday" & let him/her get you out of this mess, without losing any of your money, starting with the $1600 you spent on "radon removal/barrier".
Next time have an attorney watching over your shoulder before you make an offer!
LOL, what about the Attorney fees.
@@ProCoach2373 that will exceed the$1600. 🤣
what would an attorney done to help this situation at the time of offer other than cost money. most states have a standard contract and no need for attorneys at time of offer.
@@ProCoach2373 🙄🤣
@@rchavez5056 🙄🤣
Excellent advice.
Depending where you live many areas require sump pumps to deal with the extra water from the snow run off in the spring. Could be the pump was unplugged or the power turned off.
Always do an inspection, with an inspector you hire.
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Nobody moves TO Nebraska!
I did for my wife. Moved out of the southern metro suburbs of Minneapolis, MN to Lincoln. Well worth it.
@@Ratkill9000 Don't blame you, Minneapolis is nuts right now.
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@@Ratkill9000 Minneapolis? You won the lotto man. Best move ever. What a sh-hole that has become.
Praise be, for Dave Ramsey.
Dave is right. PASS on this house. Not worth the stress.
I don't understand why he needs to call anyone to ask this.
@@blackworldtraveler3711 Many, many people get emotionally attached to a new home that they start dreaming about, unfortunately :(
@@patty109109
I immediately think about moisture,dampness,mold,and mildew all through that house and that’s enough for me.
It’s not an indoor swimming pool.
He must really like this home because as soon as I would have heard flood 🏃🏽♂️🏃🏽♂️🏃🏽♂️
Back out. You can potentially have mold. There will always be another house
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I would also find a new realtor unless they paid you back for the money they let you lose.
Get out of the deal you do not know if it's coming in from the ground because the ground around the house is warming up or from the rain
Run. Not worth it.
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Do not buy that home. This is just the beginning of problems.
Agree. Further, it’s great the caller has investigated the federal wetlands designation, but those designations expand (like taxes, they rarely shrink) every time a new survey comes out. Equally important would be the sellers’ homeowners insurance claims over time, if they’re willing to share. Regardless, eat the cost of paying for the sellers’ new radon system and walk away. You’re getting off easy considering what the obvious complications will cost. Similar situation happened when my husband and I went to buy our first home in the 1980s. The candidate home’s septic system failed miserably upon inspection, and we thought we might be able to work with the seller to install a new system in a location away from where we’d been planning to expand. Our RE lawyer understood how much we loved the house, but advised us to walk away. It was the 2nd best RE advice we ever got. The first was when my dad, a RE broker, told us to never buy a house with basement water damage, no matter how infrequent the problem supposedly was.
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Great advice!
They probably got a higher offer and want the buyers to pull the plug
That's an interesting perspective
According to the media drama and the hype that house should go up another $100k.
No. They're not telling their buyer the basement flooded when it's not flooded. The realtor and seller didn't come up with that conspiracy.
Right, right, right, right, right, right
Walk away from this deal and thank your lucky stars you are only out the $1600 for the radon system (and I would be asking for that to be reimbursed, but as Dave said, you will probably have to eat that cost.) Houses with water issues equal big money and as others have pointed out, houses with water issues also equal mold and mildew.
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water damage is NEVER GOOD! cars, houses, you name it, don't buy it.
In the end does it really matter if it was in a flood plain?
@@jeromehenry4484 was trying to make point the caller has enough on plate.
@@noahiturriaga8959
You are terrible at making points.
Yes back down. U dont lose nothing, it could become a liability . Foundations are weeping tiles big issues.
as Dave says RUN STUPID RUN . please some send me what dave said
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The realtor is just wanting a sale. You should not have put anything in to begin with.
Hi should I buy this house that just flooded that I don’t already own?
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Back out... You should not lose your deposit because the condition fo the home
Learned a good lesson
My guy this happened to me but mine was foundation issues and at closing after talking to the inspector I decided to pull the deal! I’m glad I did! Everything happens for a reason! Oh yeah and my awesome realtor was able to get me my earnest money back as well no lie!
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Yo! The experts in construction in the comments say to RUUUN!!!! I would follow their advice.
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and he would have an even harder time selling it with prior flood damage history, correct? (I live in a desert, don't know how it works in flood plains)
Back out!!! Run!!!!
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Nice work 🎆🎇🌠
So was the house flooded from excessive rain or did a water pipe burst? There’s a difference there.
Something is weird about this one! I would back out. When I was in the process of buying my first home/rental property in Brooklyn NY I made sure to look out for things like this. Luckily this didn't happen. Thankfully i purchased the place and created my UA-cam channel share the steps I took
This is an ad for your channel, and we all know it.
It is a sign... it wasn’t the right house
Sounds like the house sits in a 100 year flood plane.
There’s ALWAYS another house! If there’s a house you HAVE to HAVE, RUN!!!
Dude Run. No means no Bill Cosby.
Dont buy that if you know
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If he’s moving to lincoln there are no homes for sale. If there is one then it’s a $250K dump.
I wouldn't be shocked if he went ahead with the purchase. 😬
Rice and beans...beans and rice...and sell you car!
Deliver pizzas on a bicycle!
Stay away from inlaws
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Why are there two Dave’s?
Probably a good opportunity for an investor. Not a newlywed.
even if you fixed a flooded home its wouldn't be the same...
When you run the numbers, everything starts to make sense.
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Run. Run. Run.
He moving to be near in-laws? Yikes. Grow a pair and stay put.
Dont buy
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Sell the freaking car!
You won't be seeing the inside of a basement unless you are working there.
Rice and beans beans and rice cooked in floodWater.
Deliver pizzas on a bicycle with your baby riding in the basket.
@@raallen1468 *W•H•A•T•S•A•P•P*
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He must have reallly really wanted that house.
he was looking for them to tell him to buy it still i think
RUNN !!!!!!!!!!!!!!
Don't buy it
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Run. Tell the wife sorry.
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Runnnnnnnnnnnn
Transaction=no emotion.
It's just business
Lemme ask you a question. Would you by house full of water?
No.
Theres your answer!
No freakin way would I buy that property. Mold and mildew would set in and u will have pr forever. The baby will be breathing mildew and mold!!!!! U will be miserable.
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the way he’s talking, he 100% bought this house. she wanted it, so it happened.
Get out and run fast
Amazing to whatch you guys !!! I have a question to ramsey about what he thinks about the divorce of bill gates and how can this affets his wealth?
Bill has enough money to get divorced 20 times and still not be affected. But I concur; I’d like to hear what he thinks.
@@TheeMrsChampion yes me too . Im wainting for that video . And yes bill will be ok .
Good thing about this i said this on my channel too
Runaway...and change realtor....
Dump the deal , now
Ney Ney! Move on.
Run away!
This is such STUPID advice. Ramsey doesn't know the character of these people. Ramsey can't possibly say this will cost them a divorce. He didn't even ask what are the details of the negotiation. Peace is relative and every situation is different. This is a situation that can't possibly be resolved in just one call and Ramsey is STUPID for giving such open ended "advice"
I'd say if you guys have the character to see this thru, the support and you get a good deal, DO IT! I wish I had been given that opportunity to maximize my returns on my first home.
Research investigate and weigh it out. Only you know what you are capable of and same goes for your wife. Be honest with each other and talk it through.
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