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Updated over 6 years ago,

User Stats

12
Posts
1
Votes
Cameron Wright
  • Rental Property Investor
  • Chesterland, OH
1
Votes |
12
Posts

Home offer - Should I take it?

Cameron Wright
  • Rental Property Investor
  • Chesterland, OH
Posted

Hello,

First off, thank you for any advice on this.  I have a home contingent right now.  I listed it at $215 k, and had an offer of $218k plus 3000 in closing.  The inspection revealed some electrical and waterproofing of a crawl space.  I had 3 quotes, averaging around $9500 for both.  The buyer had one estimate for waterproofing and it was $16300.  He will not even look at my quotes, yet he asked me to do my due diligence.  He dropped his offer to $201k, as is condition.

What do you guys think?  I really want to sell the house, but not sure it will appraise at $215k even.  I was thinking of relisting and disclosing that I am having the waterproofing and electric scheduled to be done.  But even if I get a $210k offer, I am right back to where I was with this guy but will have holding costs.

Feel free to ask any other questions.  Thank you again!

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