Updated almost 8 years ago on . Most recent reply
Inspection Contingency on Multifamily
We have accepted an offer on a 4 family house and in our Offer to Purchase Contingency Addendum we had the inspection contingency set the limit of defects at $1,000. The seller responded that we should increase this that is typical for a single family.
The house consists of 4 single bedroom apartments that are each 4 rooms. Before we came back with a response I was hoping to get some insight on what people typically see in contingencies with multifamily properties. Thanks!