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Updated over 8 years ago,
When do you go back and ask for reduction in price after inspect?
Hey BP!
So, I just received an inspection report. It's for a small multifamily. The numbers work fine... currently at 2.79% rent to price ratio...not wonderful, but meets my criteria. So my question is... got the report, and I'm not too happy with the results. There are a few things, but my biggest problem is with the roof. The current owner just put about $4k into repairing/replacing parts of the roof (I have invoice and receipts in hand), but the inspector noted this about it after taking pics, showing other damage: "Damage, deterioration, staining, moss type growth, improper installation, and repaired areas were found at the roof coverings. A qualified contractor should repair/replace as needed." So my question is would you guys typically go back and ask the seller to replace the rest of the roof, or ask for a concession so you can do it once you close? Just curious how you all handle this type of thing?