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Updated 2 months ago on . Most recent reply

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Nathan Frost
  • Rental Property Investor
  • Wichita Falls, TX
76
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338
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Update - Detroit Deal

Nathan Frost
  • Rental Property Investor
  • Wichita Falls, TX
Posted

Hi all, curious on any advice or tips here.  Inspection was schedule for today but when the inspector / my realtor arrive the power is off.  They also noticed the furnace and hot water tank is missing / stolen.  Seller agreed to install a new hvac, hot water tank, and furnace before I can do the do the inspection now.  So the inspection is pushed back 10-25 days until those items get installed.  Sounds good since everything will be brand new but is there any other leverage I have.  This could take 2-3 weeks to get done since the seller is out of the country.  Can I get them to come down in price or get them to install motion lights / fake cameras?  What should I do?  Be nice to get them come down in price or give me seller credits.  Bonus is I am getting new HVAC, Furnace and hot water tank.  Just trying to see if I can use this to leverage my deal in any way.  Thanks.

Most Popular Reply

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Greg Scott
#2 General Real Estate Investing Contributor
  • Rental Property Investor
  • SE Michigan
5,644
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3,931
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Greg Scott
#2 General Real Estate Investing Contributor
  • Rental Property Investor
  • SE Michigan
Replied

Where in Detroit is this?

Depending on where it is, your biggest concern should be will the new furnace, AC and hot water tank will still be there after you close.

  • Greg Scott
  • Loading replies...