Updated about 5 years ago on . Most recent reply
Crack in Foundation, Quitclaim deed.
Hey everyone,
I'm looking at putting in an offer on a triplex, listed just under 100k. Currently fully occupied and confirmed rents of 2k/month total..owner paying water/sewer/heat, tenants paying electric. Units are pretty well kept and updated, outside looks fine w/ minor paint chipping.
My two concerns are:
1. It's a quitclaim deed, property inherited from deceased prior owner.
2. Property disclosure says there's a crack in the foundation.
I think i'm going to put in an 85k offer contingent upon inspection....home inspector should be able to verify the severity of the foundation crack right and I can pull out if its too severe.
Looking for some input on my concerns and whether or not I should go forward with this?