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Updated 4 months ago on . Most recent reply

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942
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Marci Stein
  • Rental Property Investor
  • New York, NY
501
Votes |
942
Posts

Replace septic, or not?

Marci Stein
  • Rental Property Investor
  • New York, NY
Posted

Seller accepted my very low offer because the prior buyer walked away when the inspector informed him the septic was corroded.

However, it is currently working fine. This is a flip. Do I spend 18 K to replace it even though it’s working fine but corroded? 
thanks !!

Most Popular Reply

User Stats

233
Posts
175
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Michael Brattelli
  • Real Estate Broker
  • Medford, NJ
175
Votes |
233
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Michael Brattelli
  • Real Estate Broker
  • Medford, NJ
Replied

@Marci Stein replace the whole system and provide a great product to your buyer. Raise your list price by the cost of the septic and market it accordingly. You need to disclose it either way, why pass on something you know is bad to the next person?

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