Bad Roof - What should I do ? Advice Plz ? Multi Unit Bldg....
In Contract to purchase a Multi-Family Property at just under a million.
Just had the roof of building and parking structure inspected, $104,000 replacement cost. Condition of building roof is worn and fair to bad. One of the parking structures is very dilapidated, other is ok.
Same realtor is agent for both buyer (me) and seller. Could be conflict of interest.
Am currently in Escrow, however have not signed off any Inspection contingencies.
Don't want to have a problem with my loan appraisal.
QUESTION :-
Should I (a)Ask for a $104,000 Price Reduction (b) ask for the seller to fix it (c) Offer to split cost 50/50 (d) Break Contract