Investor · Palm Beach County, FL · Member since 2019 · 370 posts · 330 votes
I have family that is moving to Philadelphia and purchasing their first house. They are both architects, they have good credit, they are solid buyers.
They are in contract to purchase a home for $395k (asking $409k), home on the market for 28 days, sellers did not counter their offer. Inspection (they attended) came back overall very positive with two possible red flags.
Cast iron sewer line came back with cracking and the basement floor had a patch of some serious cracks. We believe the foundation is in good shape besides the one obvious patch.
The last day of their inspection period, is tomorrow. I want to throw this out to the community to see if anyone would have some local expertise to know if market conditions should warrant a request for seller credit or break the contract.
If you are under contract you should ask for the credit for the sewer line if it is seriously enough to call for a replacement.
As far as the floor goes, it could be normal settlment damage or it could be structural. One does not call for any credit and the other can make the deal not worth it.