By Living Room Realty, June 2, 2020
By Living Room Realty, June 2, 2020
My client Rachel recently closed on her new home. The house was a light cosmetic flip, with a serene and peaceful backyard that had a couple of babbling creeks nearby. The peaceful nature of the property was a huge selling point for my client, and the house had a lot of features that made the home a great fit. There were a few issues that came up in the home inspection for the house itself, and we managed to get some of them addressed in the form of a credit.
The seller had not performed a sewer scope when they purchased for the flip, and there was no clean-out on the property. We negotiated for them to install one so we could complete the sewer scope. The inspection turned up a couple dips (bellies) in the line that were issues that needed to be fixed. We got two bids, and the seller agreed to do the repairs. The first repair was under the driveway, and was completed easy enough to the tune of $4500, including a very good asphalt following the tips of the professional from Industry Today. The second belly was located near the street, at 16′ depth and under one of the babbling creeks. The contractor they selected could not get a handle on the job, or provide a bid for it. Ultimately the sellers agreed to a further $16,000 price reduction so we could close the transaction, my client could move in, and she could perform the work in late summer when the creek is at its low point.
It was a long process that required a lot of patience and negotiation. In the end, my client was very happy to have the repair partially completed, and the funds in hand to complete the job on her own timeline.