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Updated about 9 years ago on . Most recent reply

User Stats

198
Posts
116
Votes
Rivy S.
  • Silver Spring MD
116
Votes |
198
Posts

newbie needs advice: under contract, just noticed weird floorplan

Rivy S.
  • Silver Spring MD
Posted

Hi all,

I recently put a contract on this property in Parma, OH

https://www.biggerpockets.com/forums/517/topics/257355-parma-house-b-grade-neighbourhood-1000-month-17-coc

I'm located in Dallas, so I hadn't actually seen the property.  My offer for 55k was accepted, and I sent $1000 earnest money.  But! I was looking more closely at the pictures on zillow (which I should've done before) and I noticed that the only full bathroom in the house seems to be off of the kitchen! (The bedrooms are upstairs).  Additionally, the house doesn't have a basement, and 90% of the comps do, not sure how that would impact rentability/resellability. 

Do these two things seem like a deal-breaker to anybody? Or are they not a big deal?

Also, what happens with my earnest money if I back out now? 

Thanks for your advice!

@Federico Gutierrez would love for you to chime in

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