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Updated over 5 years ago on . Most recent reply

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11
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Kay Doria
5
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11
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Siding repair and home inspection

Kay Doria
Posted

Purchasing first investment and we had offered full price with an escalation clause but asked for 3% CCA. Seller said 2% CCA with no other offers on the table. We took it. After home inspection the siding which we thought was just cosmetic was explained to be compromised allowing water and wind to easily cause further deterioration. 

Should we ask for a repair credit? I feel the seller was aggressive simply because of the escalation clause. Don’t want to lose the investment but also want the siding to be repaired. Thanks in advance for your thoughts. 

Most Popular Reply

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2,458
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Lynnette E.
  • Rental Property Investor
  • Tennessee
2,400
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2,458
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Lynnette E.
  • Rental Property Investor
  • Tennessee
Replied

You can ask for the repair of the siding prior to close of escrow, or you can ask for money to do the repair.  The seller may agree, or say to pound sand.

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