I recently look at a cross lease property. It is in Clover Park, 2 bedrooms, ok condition. Can make it into 3brms.
I have signed a contract at $340k with the owner, but lawyer advised that he did title research, found the title diagram doesn't show flat 2.
Also I did building inspection, the builder advised me the house needs a new exterior paint which costs around $10k.
In addition, there are water pond issue around basement, which costs $2-3k to fix, but not very urgent.
The price we signed it quite reasonable. But considering the maintenance costs and title issues, the price is still acceptable.
I know there is no perfect house out there.
I have tried to ask for discount, but the vendor didn't accept.
Should I walk away from this one, look for another one or sign this one?
quite difficult to make a decision.
Please advise me. Many thanks
I have signed a contract at $340k with the owner, but lawyer advised that he did title research, found the title diagram doesn't show flat 2.
Also I did building inspection, the builder advised me the house needs a new exterior paint which costs around $10k.
In addition, there are water pond issue around basement, which costs $2-3k to fix, but not very urgent.
The price we signed it quite reasonable. But considering the maintenance costs and title issues, the price is still acceptable.
I know there is no perfect house out there.
I have tried to ask for discount, but the vendor didn't accept.
Should I walk away from this one, look for another one or sign this one?
quite difficult to make a decision.
Please advise me. Many thanks
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