Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 6 years ago on . Most recent reply

User Stats

23
Posts
4
Votes
Bret Kingcade
  • Shawnee Mission, KS
4
Votes |
23
Posts

How do I formally ask the seller to pay for or credit repairs?

Bret Kingcade
  • Shawnee Mission, KS
Posted

I just received my inspection report today a few hours after the inspection and am within my inspection contingency time period. Unfortunately, I was surprised to learn of potentially expensive issues with the foundation shifting. My inspector threw out a ballpark guess that it could be roughly 10k to repair it. This property is not listed on the MLS so I am not working with an agent. Now my question is how do I go about formally asking the seller to make the repair? The wording of the contract says "OFFER TO RENEGOTIATE with SELLER by notifying SELLER on the Resolution of Unacceptable Conditions within the Inspection Period." This is my first property purchase so I am unsure if there is a specific type of form that is usually filled out or if this can be asked in a less formal way. Any advice on this (or foundation issues in general) would be greatly appreciated. I honestly don't know much about foundation issues other than that they typically are expensive. Thanks!

Most Popular Reply

User Stats

1,226
Posts
1,080
Votes
Joe Norman
  • Investor, Realtor
  • Baltimore, MD
1,080
Votes |
1,226
Posts
Joe Norman
  • Investor, Realtor
  • Baltimore, MD
Replied

I suggest having the "foundation issue" inspected by a GC or a Structural Engineer.  A home inspector is always going to give you a worst-case scenario opinion of things, since they need to cover their asses.  Often times "foundation issues" are just settlement cracks that aren't a big deal.

(also your inspector shouldn't be estimating renovation costs)

Loading replies...