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Negotiate or Walk Away

Just got the inspection report on a property I'm looking to buy. The property is from 1942 with no updates just a new roof, but looks in great condition. Someone passed on the property as well. Things they found.

  1. Electrical needs a total update. Currently on a fuse box and no GCFI fgrounding. 2 Galvanized plumbing throughout. 3 Termite Damage in garage and in possible foundation. 4. Needs seismic retrofitting/bracing. And some of the beams/joints are sagging.

There are other things but those are minor.

The seller won't drop the price until we get quotes from plumbers/electricians/termite which I'm rushing to get due to a 7 day contingency. From what I've gathered this may be a 60k job. Is it worth it? Thanks!

submitted by /u/Claralon
[link] [comments]

source https://www.reddit.com/r/RealEstate/comments/18aetkd/negotiate_or_walk_away/
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