Flippers - Fix Repairs from Inspection?

[Ray Martinez]

Hey everyone,

I'm wanting to get some flippers perspectives on this scenario. I'm in escrow on a flipped property and found numerous issues that were in result of the workmanship of the hired help. Examples: Electrical issues with reverse polarity, doubling up a breaker, not using proper uage for a 30 amp breaker, etc. The plumbers notched the ABS into a support beam in the foundation. Pex piping was left dangling with no insulation (Mountain Property). Numerous debris left underneath home, including wood waste (termites), and loose insulation that was not installed properly. I'm asking for these issues to repaired by the seller in addition to receiving a concession (2%) to address some other issues.

Am I asking for too much? 

Feels like if thiswas controllable by the sellers hired help, the seller should be responsible in addressing. They paid for this work at the end of the day, might as well get it done right.

Thoughts?

[Lucas Martinez]

@Ray Martinez

It completely depends on your market. Are there backup offers? The seller isn’t obligated to repair anything. Some flippers may feel a sense of duty to provide a quality product, but most don’t really care.

If there are backup offers, you’re probably out of luck. If not, and they would have to go back on the market if you pull out, you may have some leverage. But assuming that they have to repair things that they should have done correctly during the remodel is incorrect.