Skip to content
Starting Out

User Stats

82
Posts
26
Votes
Lilly Fang
26
Votes |
82
Posts

active termite in my first BRRRR house! How much should I budget more?

Lilly Fang
Posted Jan 29 2024, 23:19

I did a pest inspection today and found active termites on the corner of this wall. It's a concrete stub. How much is it usually to re-stud this wall if we can re-use the window? I just hope the termite didn't spread to another area.  I am thinking about negotiate another 10k from the price or ask for 10k credit.

background: under contract price 420k, the seller passed away with a reverse mortgage balance of 380k ish. If the price is too low, the seller's children will just let it go to foreclosure. The seller's agent mentioned they have a backup cash offer from Wedgewood (a flipper company), but the price is lower than mine, and she has to do some numbers to make it work. So I guess the backup offer is probably 400k. I am thinking10k credit should work out, right. Not sure if the 10k can cover the termite treatment and re-stud the wall.

Loading replies...