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Updated about 8 years ago,
Seller credit for projected rehab from 3 to 10 years
Greetings bigger pockets
I am working on purchasing my first duplex in Eugene/Springfield OR.
A general inspector recommended that we have a cast iron drain pipe to the sewer scoped buy a specialist. The specialist came back and said that it looked fine now, but when I asked him for more details, he explained that he thought it could last perhaps between three and 10 years. The unit is from the 1960s.
My realtor owns several investment properties from the 1920s through the 1940s, and he thinks that the idea that the seller would allow a credit for this kind of a job is next to impossible, and he says that he would cringe asking. It is not orangeburg.
It seems like this job will cost in the thousands of dollars to fix when it does become a problem, and I know that costs of rehab can be considered when deciding on an offer, and I wanted to check if you think that this would qualify, or if, in this situation, it would be normal for me to pay the agreed on price, given that this was not considered, and budget to fix it myself down the line.