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User Stats

71
Posts
29
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Kathryn Schauer
  • Investor
  • CT
29
Votes |
71
Posts

Thoughts on an Inspection Report?

Kathryn Schauer
  • Investor
  • CT
Posted

These are the main areas of concern the inspector found today on a SFH I'm looking at in Indianapolis. The structural issues are really concerning to me, as well as the moisture in the basement.

What is reasonable to expect from the seller?  The seller is a turnkey company, not an individual. 

Would these issues be enough to move on and not purchase for you?  

Most Popular Reply

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28,242
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Nathan Gesner
  • Real Estate Broker
  • Cody, WY
41,509
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28,242
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Nathan Gesner
  • Real Estate Broker
  • Cody, WY
ModeratorReplied

@Kathryn Schauer it's hard to answer the question. Are you paying market value for it or are you paying below market? I suspect it's market value since the company claims to be turn-key, which means you should negotiate for all these repairs or walk away.

Personally, if someone offers me a "turn-key" property and I find maintenance issues like this, I have to question their definition of "turn-key" and their integrity as a company. I would walk away.

  • Nathan Gesner
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The DIY Landlord Book
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