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Updated over 7 years ago,

User Stats

15
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0
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Todd Heintz
  • Huntley, IL
0
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15
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Property that has had the water shutoff - how to protect?

Todd Heintz
  • Huntley, IL
Posted

Hello BP team:

We are considering a couple of properties that have had the water shutoff for in one case almost 3 years.  We are in the northern part of Illinois so freezing pipes are a concern.  One is a foreclosure and the other is an off-market deal.

My question is what is the best way of protecting ourselves from the possibility of finding split pipes? Note: In both cases there is no sign of any winterizing.  The meter has been removed from the property.  

  • Contract language?
  • Insisting they turn the water back on before we close?  (I don't see the bank doing that and I am not sure I want to incur that expense either. Maybe.)
  • Using this unknown to negotiate a better deal to cover the cost of repairs if in fact there was an issue?
  • Any other ideas?

Thank you in advance for your advice.

Best Regards,

Todd

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