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Updated over 11 years ago on . Most recent reply

User Stats

18
Posts
1
Votes
Yong Yoo
  • Blue Bell, PA
1
Votes |
18
Posts

Possible negotiation help with a MFH please

Yong Yoo
  • Blue Bell, PA
Posted

Hey BP,

I recently wrote a post about a potential MFH deal where it was listed at 139K and we went into contract at 115K. I already knew I needed at least 5K in repairs for one of the units for carpets/walls/paint. However, after the inspection was completed, there will need to be about 15K(contractor's quick estimate) of repairs that should be done either asap or in the near future.

The offer stated to buy the property "As is" so I am not sure if there is room for negotiatiation. Any advice? Is there a way for me to ask the seller to pay for some or all of the repairs? Or maybe ask for credit to fix the property? (I would rather want to pay less up front than try to lower the purchase amount, but any advice would be awesome)

Thanks,

Yong

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