Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. 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.
Buying & Selling Real Estate
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 almost 8 years ago,

User Stats

8
Posts
0
Votes
Umair Ahsan
  • Investor
  • Washington, DC
0
Votes |
8
Posts

Sagging floors but cause unknown, should I go through with deal?

Umair Ahsan
  • Investor
  • Washington, DC
Posted

I have a duplex under contract here in DC.  The floor of the first floor unit is dipping in and many of the corners aren't quite 90 degrees.  All signs of floor joist rot, damage or settlement underneath.  There is no basement or access to a crawl space underneath so it is not possible to tell the extent of the damage or get quotes on repairs.  It also makes it harder to repair as the floor must be torn up to access the joists underneath.  The contract has an as-is inspection contingency so I can still get out of it.  I may be able to negotiate a credit but not sure as DC is a sellers market.  The second floor unit looks just fine though, and the first floor unit sagging is isolated to one side, likely damage to just 1-2 floor joists.  

I'd appreciate any advice.  There is a bit of a risk here.. can't quantify the repair cost... what would you do?  

Loading replies...