Buying & Selling Real Estate
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated almost 4 years ago,
Who is responsible for standing water issue during purchase?
Hi BP folks, I was looking for some insight.
I am about to put an offer on Unit B of a duplex that during our showing there was standing water on the side of the unit. The unit sits on a slab. The other unit did not have any water issues. The neighborhood is multiple duplexes and is governed by a condo association who supposedly maintains the exterior and roofs.
I am not sure if I should negotiate the cost of regrading/French drain into the initial offer or wait until inspection. The listing agent was unaware of any such problem. Or should I contact the POA and see if they will fix the standing water?
What is the best way to approach this?
Thanks,
Shalin