Hagrid · 3 months ago

We're in the process of buying a floating house. Floating houses need their "float", usually about 10 - 15 Douglas Fir trunks joined together with wood or steel "stringers" that the house sits on top of, replaced every 20 or 30 years in order to keep the house from sinking. Floating house "floats" are rated from 1 to 5, 1 being "shit's gonna sink" and 5 being "A+, this should last 20 or more years". Lenders won't lend to a prospective buyer unless a floating house has a float rated 4 or better.
So the house we're buying has a float that's 23 years old and at the end of its life. A condition of the sale is that the sellers will pay for a brand new float at no additional cost to the buyers (us) valued at around $85k (can you believe that? Shit's expensive). That will bring it up to a "4" or "5" rating, the lender will be happy, and they'll fund the sale.
Long story short, I've spent the last week trying to make sure we don't get fucked when the float work comes around. The sellers agreed to pay a fixed amount to replace the float which concerns me because:
I don't know the contractor or house trustworthy they are. What if they decide mid-way through the job that it needs to more logs and it will be $30k more. Is that on us or the sellers?
So today our realtor sent me some more details and the bid from the contractor which included $14k in additional charges explicitly NOT covered by the original sale contract. Sent my blood pressure skyrocketing. Called the realtor, explained that this was not the agreement. He said he'd get back to me. Called me back later saying it was all a misunderstanding and that the dive work was included in the float work. I told him awesome but I need it in writing. So I'm waiting for that to be put in writing. Thinking of going to a real estate attorney about it... Bleh, I just want this to be over.

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