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Updated about 4 years ago on . Most recent reply

User Stats

17
Posts
8
Votes
Zach DeRossette
  • Real Estate Agent
  • Oakland, CA
8
Votes |
17
Posts

Cracks In Brick Siding - Back out of deal or keep investigating

Zach DeRossette
  • Real Estate Agent
  • Oakland, CA
Posted

I am in contract on a house and the inspection report revealed some cracking on the brick siding. The inspector suggested to get a structural engineer to check it out. I'm debating whether it's worth it to spend $550 for a Structural engineer to look at it or back out of the deal. I definitely won't proceed not knowing how big the issue is. I've already paid $300 for a home inspection, and I'm wondering if I should just keep investigating the issue or keep looking for a new house.

The house is in East Point, Ga. It's about $130k and expected Cash on Cash return is about 8%. Other than this issue, the house is in decent shape and I like the area. 

Most Popular Reply

User Stats

17
Posts
8
Votes
Zach DeRossette
  • Real Estate Agent
  • Oakland, CA
8
Votes |
17
Posts
Zach DeRossette
  • Real Estate Agent
  • Oakland, CA
Replied

Thanks everyone. We ended up having it inspected and the seller has agreed to fix it before COE. 

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