HOME INSPECTIONS

[Frank LaQuaglia]

Looking for some advice. I am looking at a house and the seller will not re-negotiate the contract based on an inspection. My first thought would be to plan for the worst, hope for the best and drop price up front and drop the price. 

They are asking 49k, the ARV is about 140K and the repairs could reach 67K. There were comments by the listing agent that the well failed and the septic may need upgraded or replaced. I put a cost of 18k in to cover this. I won't know if it will be needed or not.

The window to see the property is limited and there will probably be a lot of interest in this property. I plan to do an in depth walk thru this afternoon and try to cover all of my bases. 

What are some of the other things that I should look at before I sign the contract? 

thanks,

Frank