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Updated about 11 years ago on . Most recent reply

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Andrew Emery
  • Rental Property Investor
  • Colorado Springs, CO
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Failed sewer scope, should we walk?

Andrew Emery
  • Rental Property Investor
  • Colorado Springs, CO
Posted

Hi folks, we are into our second potential deal that might blow up.

My question is should we walk away from this deal? We have had the sewer scoped twice and found an offset both times, and we are asking the seller to repair prior to closing but they have declined fixing it, saying they've never had an issue with it. The property is in an older part of Colorado Srpings with mature trees and the roots have breached the pipe creating a hole. The estimated cost is between $3,500-$5,000. Everything else on the property is in good repair. We have until tomorrow to decide. What are your thoughts.

Thanks

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Jon Holdman#3 Real Estate Deal Analysis & Advice Contributor
  • Rental Property Investor
  • Mercer Island, WA
14,132
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Jon Holdman#3 Real Estate Deal Analysis & Advice Contributor
  • Rental Property Investor
  • Mercer Island, WA
ModeratorReplied

I've done three of these.

1) About 70' from house to edge of street. $4000

2) About 80' from house to city tap in alley $4000

3) About 70' from house to city tap in alley $4800 - This one was quite deep

Last two with the same company:  

http://copipes.com/

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