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Updated over 3 years ago,

User Stats

55
Posts
14
Votes
Eileen L.
  • Rental Property Investor
14
Votes |
55
Posts

Escrow and inspection findings

Eileen L.
  • Rental Property Investor
Posted

Hello, I’m looking for some advice on a property I’m in escrow on. The property was listed for $65k, purchasing for $63k. There is a tenant in place and pays $850 a month in rent. 

The inspection found a few items that need to be fixed. I requested the seller fix the roof repairs (small fix), bathroom faucet leak, replace water heater (really old), and replace ac/furnace unit (old as well).There’s about 5 smaller things that I said I would fix. 

The just responded and said they would give $2500 for everything. What would you do in this situation? Counter offer with a larger amount or walk away if they don’t agree to cover more? Thank you!

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