Walk Away or Deal

[Felicia Walker]

I’m torn. I finally am under contract for a property that is in a small town, but has a new and growing casino as well as a popular mountain area… Its also known for hiking trails and scenic views. I was lucky enough to briefly speak with a planning director who described (in a nutshell) that the town is about to have major developments. Meanwhile my property under contract, built in 1936 that I just received the inspection on, comes back with costly foundation repairs needed …. Nothing urgent… but estimated at $25k. The inspector said nothing is need just yet… and the repairs (helical piers) could be done in 4 stages. My heart sunk and I’m torn…. Even after a second opinion with basically the same info… do I walk away from the deal? Or do I look at the deal for the overall  picture of what could be??? This is an “As Is” sale. I’m torn.