What does "The property needs structural support from underneath" mean?

Question

Hi,

I am a new investor apparently negotiating my first deal. The property is in a good neighborhood of Worcester county, MA, and it's being sold as - is. However, in the description, It says "Property needs structural support from underneath, Replacement of tight tank is buyer's responsibility, and the sale of this property is subject to obtaining a License to Sell from the Worcester Probate and Family Court."

I haven't signed anything yet but right now I am some what skeptical  because of  these statements in the description which I had not paid a lot of attention to due the property's location.

"Property needs structural support from underneath", and "the sale of this property is subject to obtaining a License to Sell from the Worcester Probate and Family Court."

Please advise on how to best proceed in a situation like this. Very much counting on your experience.

Thanks!

Carlos Ptriawan · Answer

if you are first time investor, just run away.This is similar like someone buying used car after a total damage.If you have experience with huge reserves, then it's possible to chase this opps.

Jamiru Mutebi · Answer

Thank you so much, Account Closed

Theresa Harris · Answer

Call and ask the listing agent, but as others have said it likely means you need new support beams under the house.  The probate is simply because the owner died and they are working through the will-not a big deal.

Bob S. · Answer

EXACTLY THAT! DO NOT do any deals, you are not ready just yet Connect with those doing, learn then apply what you learn. It could be nothing just add a few 2x 6's or much more complex. Your TRUSTED GC will tell you

All the best

Brian J Allen · Answer

i would be very wary of these disclosures as most people don't disclose very much.  The fact that they are disclosing the structural issues and the septic issue means that they are probably apparent to most people.  If you want to get local eyes on the property reach out.  There is a high likelihood that i have already seen it but if not, I would be glad to help

Tom Fidrych · Answer

Regarding the need for structural support: They are implying the foundation has an issue or the building is sinking. These types of repairs can be very expensive and often require an engineered solution. You could ask for a more specific explanation and then get an estimate from some foundation contractors. Probably not a good choice to unravel foundation issues on your first deal though.

Regarding the tight tank: Sometimes that refers to a septic tank that doesn't flow to a leach field. As such, it needs to be pumped out and that is an expensive ongoing issue. Maybe the tight tank was abandoned and now the building is attached to a sewer.

I

Jamiru Mutebi · Answer

Thank you @Theresa Harris

Jamiru Mutebi · Answer

Hi @Bob Stevens and @Carlos Ptriawan,

Thank you so much.

What does "The property needs structural support from underneath" mean?

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