Updated about 11 years ago on . Most recent reply
Old house and evaluating foundation issues
hi all, I am buying my 2nd property. It's a 40 year old all brick ranch on a slab foundation. Our offer was accepted , but the home inspection revealed some cracks on the outside wall. There are some hairline cracks on the inside walls above the doors. I was concerned and I am getting a structural engineer for inspection. So, what are my options if he thinks there are some issues
1. Negotiate a price reduction for the repair costs
2. Walk away
3. Buy and fix it later ?
Price 135k, rental potential $1100
Looking forward to hear your thoughts on this