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Updated over 8 years ago,
House with foundation issues in central Texas
house built in 1984. Pretty decent overall metrics on my offer of about $139k which would rent for about $1,400
However, after inspection, it probably needs $3,000 of capex and with a foundation inspection it needs at least a soul leveling for $4,000 or a full foundation overall auk for $10,500
I countered during the option period with $125,000 to cover my capex coats.
They countered with $132,000 and $1,250 towards my closing costs
Questions:
1) how long could input off the foundation repair? If I delay will the expense go much higher?
2) given their offer would cover more than my capex costs if I just did the $4,000 soil leveling, what would your next steps on the negotiation be?
I'd expect to rent in November / December for around $1,400