Renegotiating after unfavorable multifamily inspection.

[David Levin]

Hi all-

I am under contract on a 13 unit and estimated repairs after inspection are $150K-$200K. There are minor details here I am not overly concerned with. Contracted much lower than ask but that was based on analyzing the deal and week of negotiating with 4 vacancies. Any suggestions on how to approach this with the seller. Any input would be greatly appreciated. Thanks. 

[Bjorn Ahlblad]

@David Levin Congrats on the find! 150-200k is a bunch; but not unusual apartment buildings always have things that need attention. I would get back with the seller, review the findings with him and do some more negotiating, see what he is willing to give on. Keep it simple and allow him the option of fixing some major item or items, and re-inspect. I would shy away from giving him a list of 15 things because he probably will do some and ignore others. All the best!