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Updated over 4 years ago on . Most recent reply

User Stats

20
Posts
5
Votes
Victor Moreno
  • Flipper/Rehabber
  • Wichita, KS
5
Votes |
20
Posts

Alright my BiggerPockets family I need advice

Victor Moreno
  • Flipper/Rehabber
  • Wichita, KS
Posted

So I put in my offer for a house the seller was asking for 49k but I brought it down to 41k got an inspection done on the house and come to find out the house runs in well water not city water negotiated the price and brought it down to 38k and the well pump wasn't working so the seller agreed to fix it get it tested so it can be drinkable. My question is the ARV in this property is 95k I'm getting it for 38 I'm looking at 20k for renovations needs a new furnace/AC done on the house, new roofing that's all the major problems other than that the house is solid I can do mostly all the rest of the renovating but I'm not sure if I will be able to sell a house that runs only on well water. A lot of people tell me it's better like that cleaner and safer but I just want to know if I would have problems selling.

Most Popular Reply

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1
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1
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Replied

I would pay the $2700 to hook it up to the city. A lot of buyers shy away from the well water since it's lesser known and riskier as far as the actual system, maintenance, etc. 

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