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Joined 1 year ago
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Cake day: June 16th, 2023

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  • Personally, unless you really love the house or location I’d walk away. I’d also be super surprised if issues found by a structural engineer can be fixed, particularly if you have to hire someone for a significant amount of that work, for just 15k, as after the structure is correct there’s a bunch of other aspects of the building’s construction that will have been disrupted and need fixing. If you need to hire a contractor for repairs it’d probably be more realistic to budget 50-80k for repairs.

    If nearby homes exist in turnkey condition for 100k that’s your better bet. Not being willing to turn the electricity on in order to help a prospective buyer check out the place is a huge red flag with sirens attached as well. Structural problems can be very bad, electrical problems can burn the place down and kill everyone inside.

    Walk away would be my suggestion.