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Updated almost 2 years ago on . Most recent reply

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Dave Elim
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What would you do?

Dave Elim
Posted

Help!  My wife and I just put down some earnest money on our first Duplex in Wisconsin.  During inspection it was found that the upstairs bathroom toilet is not working (plumbers came and could not fix it) and the washer machine in the basement does not work and has stagnant water.  So now I'm concerned there's a huge plumbing issue.  What do we do?

Also the garage area, separate from the house needs a new roof, but my main concern is the plumbing.  Could be over 15k if it all needs to be redone (it's galvanized steel)


Our first property is turning into a nightmare :(

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Marcus Auerbach
#3 Investor Mindset Contributor
  • Investor and Real Estate Agent
  • Milwaukee - Mequon, WI
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Marcus Auerbach
#3 Investor Mindset Contributor
  • Investor and Real Estate Agent
  • Milwaukee - Mequon, WI
Replied

@Dave Elim sounds like a pretty normal situation for a Wisconsin duplex, would not call this a nightmare. My guess is the property is at least 60 years old? You have to expect issues of this kind, that's pretty normal. Next step im the book is to negotiate repairs or a closing cost credit to cover them. The real question is can you find a better duplex for a better price or will another listing come with another set of issues (hint, all old buildings do) I don't have the specifics of your deal. Where is your buyer's agent on this?

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