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Updated about 10 years ago on . Most recent reply

User Stats

136
Posts
29
Votes
Marcus Brown
  • Investor
  • Phoenix, AZ
29
Votes |
136
Posts

Friends need advice selling house, just discovered plumbing issue.

Marcus Brown
  • Investor
  • Phoenix, AZ
Posted

They were planning to list it in the spring as they've outgrown their starter home. Several weeks ago the plumbing backed up and yesterday the plumber came back to run a camera in the lines to make sure everything is clear. He discovered that the pipes leading to the city lines beneath their back yard are bellied and they are facing roughly $6200 in repairs, not including the cost to repair the deck, which will be torn out, fencing, and replacing the landscaping. They are thinking about discounting the selling price by the cost to fix the line, and letting the new buyers design the back yard however they want. I was thinking they should apply for a HELOC and have it fixed, assuming HELOCs can be used for that. The house was built in 1976 and they bought it in the summer of 2011. What's the best thing they can do in this situation?

Thanks,

Marcus

Most Popular Reply

User Stats

219
Posts
79
Votes
David Doyle
  • Investor
  • Monrovia, CA
79
Votes |
219
Posts
David Doyle
  • Investor
  • Monrovia, CA
Replied

Marcus start of by getting at least 3 bids from licensed plumbers that can pull permits

Try father and son teams .Get a reffeal from a local plumber supply house that sells to contractor only.You may not have to pay 6K

Dave Doyle

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