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Updated about 9 years ago,

User Stats

61
Posts
15
Votes
Dylan Swanson
  • Residential Real Estate Agent
  • Minneapolis, MN
15
Votes |
61
Posts

Making offers on properties with freeze damage

Dylan Swanson
  • Residential Real Estate Agent
  • Minneapolis, MN
Posted

Hey,

I'm looking at a short sale property that has freeze damage to pipes (listing says extent of damage is unknown). The property has been on the market for some time and of course is not being lived in.

When you guys are deciding what to offer on a property that has this going on, how do you typically analyze or handle this issue? i.e. - is there a worse case scenario you will use in your analysis?

Also, if anyone has any scenarios where they've had to tackle this problem, as well as what the scope of work and costs were, that would be helpful. I realize there will be differences market to market.

Thanks!

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