Hi everyone seeking some advice. I made an offer on a multifamily that will be my primary residence. The market I am buying in hard to find 3 families and was out bit on my last offer. Found one I want signed contract, and waived inspection as part of offer. We just started attorney review and found out one of the boilers is over 20 years old. I have not provided a deposit as yet. The old boiler will I believe make it extreme difficult if not prevent me from getting homeowners insurance (didn’t know this). I will speak more to my attorney next week but also checking here if anyone has had that situation and if so can I still negotiate price? And if seller is unwilling to make repairs himself but willing to take price down to cover the cost how do I navigate the homeowners ins situation because I need that I think by closing date in 30 days?
Thanks for any advice in advance! No more waiving inspections for me.
