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Updated over 3 years ago, 05/28/2021

User Stats

22
Posts
4
Votes
Marina Feldberg
  • Brooklyn, NY
4
Votes |
22
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Would you buy an investment STR property with mold in crawlspace?

Marina Feldberg
  • Brooklyn, NY
Posted

Just had an inspection done on my first investment property and inspector found standing water and mold in crawlspace. When making an offer realtor suggested to have an inspection as contingency but for buyers purpose only (making an offer more desirable to seller - they would not be expected to remediate any findings). My offer is already at the top of my budget and may not even appraise for full price. In this crazy competitive sellers market, where properties fly off market in 3 days or less with multiple offers and inspection contingencies waived, should I ask for concessions from the seller???  

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