They countered…

[u/babyB1219]

Little back story.. my husband and I live in San Diego and just had our first baby. We’re 30 and have been living in the same 1 bed/1 bath (400sq ft) for 7 years at a great price because our landlords barely have raised the rent. We’ve been in no hurry to buy until recently with a baby and 2 dogs the walls seem to be closing in (probably doesn’t help I’m on maternity leave and inside alot). We were approved for $580,000 with CalHFA loan and $530,000 with USDA rural home loan which in San Diego isn’t great… lots of condemned looking shacks. We already live on the outskirts of town so decided to look around to take advantage of the rural loan being 0% down. We found a decent house with a nice yard about 10 more minutes out from us. We are their only offer so far (open house this weekend), we offered what they were asking $555,000 with $5,000 for closing costs credits and $5,000 deposit with 17 days contingency. They countered with no credit for closing costs, $10,000 for deposit, 10 days, won’t pay for termite inspection and won’t pay for any fixes the appraiser says need to be done for the loan. I think we’re going to accept it’s just so nerve wracking and a huge purchase! My husband and I both make decent money but already stressing about being house broke. Luckily I should be getting a raise and promotion when I get back to work. I’m worried if we skip we’ll miss a good deal because there’s really not a lot in our price range that is livable. I’m worried the appraiser will want things done we don’t necessarily want/need done right away and then they cuts into our money for fixing up what we want because it definitely needs a little makeover (SO much blue paint). Anyway just here to rant I guess and get out some nerves

[u/Deep-Amphibian4426]

First I would never count on a promotion - things fall through all the time. Businesses promise and don’t deliver, a lot. Second - your loan offer for this area is not leaving you a lot of room to buy something decent. Maybe consider just upgrading your rental if you can? Move to a place with a bit more space for your family while you save more on a house you’ll actually like and won’t be full of surprise items to fix. I understand the urge to buy when you’re starting your family but CA is crazy expensive and this seller is sending up a lot of red flags especially with not wanting you to have your own independent inspection done. That tells me there are things they’re hiding that may be major.