Take a "Crack" or Pass

[Mat Lewczenko]

Looking at a property right now, everything above the basement works within our formula making this a good deal. The basement, however, has some cracks, has been piered, but shows new evidence of new water.

At what point do you all just pass on the deal, or compensate the offer according to fixing it? Asking for a price reduction of 4-8k to repair the foundation?

Right now we are using short term (6-9mo.) funding, so we just want to move it quickly and are worried about holding on to it.

My concern is that even if fixed by a professional company, anytime I saw epoxy injections and piering (as a buyer) I passed on it. How are you all handling this situation and how do you counter the buyer's concerns.

Thoughts? Thanks in advance.