We are backing out from our offer based on the results of the home inspection. There is nearly $200,000 in repairs and remodel that needs to go into the house to make it pristine gain. As a result, the current asking price is not competitive with the market, especially considering the 2 months construction time that will be required to make all repairs.
This was an emotionally draining process, and we are back to square one. We will take a break for a couple weeks and resume our search later on in March.