Old house and evaluating foundation issues

[Siva N.]

hi all, I am buying my 2nd property. It's a 40 year old all brick ranch on a slab foundation.  Our offer was accepted , but the home inspection revealed some cracks on the outside wall.  There are some hairline cracks on the inside walls above the doors.  I was concerned and I am getting a structural engineer for inspection.  So, what are my options if he thinks there are some issues

1. Negotiate a price reduction for the repair costs

2. Walk away

3. Buy and fix it later ?

Price 135k, rental potential $1100

Looking forward to hear your thoughts on this

[Kathryn C.]

Be very careful with potential foundation issues and what you are describing are generally good indicators of a problem. If the problem is fixable then you can certainly try to use it to get a price reduction.  Be aware that sometimes when they fix the foundation it will cause more cracks in the brick as well as interior walls.