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Updated about 8 years ago on . Most recent reply

User Stats

16
Posts
6
Votes
Lee Warren
  • Investor
  • Los Angeles, CA
6
Votes |
16
Posts

"turnkey" inspection report came back with numerous issues

Lee Warren
  • Investor
  • Los Angeles, CA
Posted

I received the inspection report on a SFR thats in escrow. Property was said to have new roof, HVAC under 5 years old, new counter tops, soffit reparied, new doors, and a few other items rehabbed on the house. I got the inspection report back stating roof was approximately 8 years old (supposed to be new), furnace approximlatey 15 years old, AC unit 10, soffits hanging down, rotted door threshold, bedroom door that doens't latch, front door that has gaps to the exterior, electrical ground cut, a/c condenser line broken, basement foundation cracked, counter tops lift off (not sealed to cabinet), toilet loose, driveway and walkway leading to front door cracked, iron sewer line leaking, bathroom sink has leak in pipe (in the line, under the sinkbowl) and a few other items.

I know not everything on the inspection report is a big deal, and inspection reports always have items on there, but..................... what concerns me is the fact that the roof was marketed to me as being new and is not, its approximately 8 years old.... the HVAC was marketed to me as being under 5 years old and its not...... its over 5 years old (with issues), counter tops weren't sealed to cabinets,soffits were supposed to be repaired (according to the scope of work) , and the foundation is cracked (which could or could not be a big deal).  Not sure if I should just cancel our purchase agreement based on the scope of work and marketing not being what actually was done to the house, or ask for concessions on the purchase price and move along with closing escrow.  After the inspection the house definitely is not "turn key."  Any advice/help would be appreciated.   

Most Popular Reply

User Stats

356
Posts
349
Votes
Laura Williams
  • Kansas City MO
349
Votes |
356
Posts
Laura Williams
  • Kansas City MO
Replied

@Lee Warren I agree about walking away from this deal. Way too many headaches for a turnkey where you're paying top dollar & getting no equity. Also I wouldn't trust or do business with that turnkey company anymore. 

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