Hey everyone. I am in the process of getting a place and just had an inspection. During the inspection there were a couple red flags that they found;
- The foundation has cracked and shifted a little in 4 places. Albeit, the house is 116 years old, so settling is normal.
- The basement didn't have proper ventilation and it grew black mold or some sort of mold throughout the entire basement. I find it to be a health hazard. As well as part of the crawl space had no plastic tarp covering the dirt.
My question, is how can I make this a deal with these issues. Do I ask the seller to repair all items before closing? Do I just drop the price and fix them later? The price of the building is market value, if not a little above. The reason I want to go forward is that its in an excellent neighborhood, great rental space and the zoning is awesome.
Fixing the issue of the mold is too subjective. You should come up with a dollar amount to request on that item.