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Updated about 8 years ago on . Most recent reply

User Stats

77
Posts
11
Votes
Michael Zack
  • Investor
  • Quincy, MA
11
Votes |
77
Posts

Next move after home inspection?

Michael Zack
  • Investor
  • Quincy, MA
Posted
I had my home inspection yesterday and the inspector noticed some rotting underneath the clapboard siding (pretty bad in some areas). There were a few other things he mentioned as well (replacement of some support beams in the basement, mold inspection in the attic, gutters should be added). I've been searching for a 2-family for a couple years now and this has been the best one I've seen in the metro Boston area. It's located within a 5 minute walk from the commuter rail in a developing area. I went back to the seller and asked for 20k and they agreed to 10k. There were 5 other offers on the house so I'm not sure if I should push back for the 20k or accept their counter. Thoughts?

Most Popular Reply

User Stats

42
Posts
17
Votes
Matt Madalis
  • Investor
  • Frederick, MD
17
Votes |
42
Posts
Matt Madalis
  • Investor
  • Frederick, MD
Replied

I assume the 20K you requested was based on an estimated cost of repairs?  If you get 10K from the seller, and put in the additional 10K yourself do the numbers still work? 

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