Yeah, inspections can definitely miss things—I've seen similar situations with clients, and it's always stressful. Good call on advising them to budget extra; having that financial buffer can really ease the anxiety when unexpected issues pop up. As for rural loans, I've noticed experiences vary quite a bit depending on the lender and property specifics. Hopefully, the wiring issue didn't complicate things too much for you... navigating those surprises can be tricky, but it sounds like you're handling it thoughtfully.
Good point about inspections—sometimes even the best inspectors miss stuff, especially in older rural homes. Had a client once who discovered major septic issues only after moving in, despite a clean inspection report. Definitely reinforced my habit of advising buyers to keep extra funds aside. Curious though, have you found certain lenders easier to work with on rural properties? I've noticed some lenders seem more comfortable than others when it comes to handling quirky rural issues like wiring or wells...
Yeah, inspections definitely aren't foolproof. When we bought our place, the inspector totally missed some sketchy wiring in the barn—ended up being a bigger hassle than we expected. As for lenders, we found local banks and credit unions way easier to deal with for rural properties. They seemed more familiar with things like wells and older septic systems compared to the big national banks. Just my two cents...
"They seemed more familiar with things like wells and older septic systems compared to the big national banks."
Yep, totally agree. When we bought our rural place, the big banks were pretty hesitant about the septic system age—almost killed the deal. Ended up going local, and they got it sorted without drama...lesson learned there.
We had a similar experience when we bought our older farmhouse. The big banks acted like the ancient septic was some ticking time bomb (which, to be fair, it sorta was...lol), but our local lender didn't even flinch. They knew exactly what questions to ask and what inspections would cover their bases. Honestly, going local probably saved us from a ton of stress and potential headaches down the road. Sometimes smaller really is better.
