SFH purchase: inspection red flag
BPers
Need a quick advice
I am in contract for a 1920s SFH in 44111 zip code. It is around 117th and about 10 avenues south of Lorain ave (south of Thrush ave) . The price point is 45k. It is a well maintained 3/2 and I think the price is fair for a 15yrd old roof.
I got an inspection done and have some concerns on the foundation comment in basement.
Should I be concerned on this? Shall I ask for a reduction and how much would it cost to fix. Should i back out?
I have a few more days before I can back out, so appreciate quick feedback
Most Popular Reply
I am a registered professional engineer and almost everyone will tell you “it depends”. How much has it moved, how long ago did it move, is it still moving. Most likely the gutters need work or cleaned out to cause the water to get away from the foundation and reduce the pressure on the wall. Without seeing the exterior and monitoring, it’s hard to really know the extent of repair or if one is even needed.