Hi
I'm looking at my first investment property tomorrow and don't know if anyone can help but I've just been told by the real estate agent that the owners of the house have just discovered the house needs a major re-stumping job.
I've got no details but the agent suggested that the owners only visit occasionally (holiday home?) and they probably may take an "as is" offer rather than wait to get the foundation repairs done.
I don't know if it's possible to estimate but can anyone please tell me what a rough guide to re-stumping a house may be? It's 160 sqm, of timber construction and is built on a flat section.
I don't think there has been any offers on the house as yet so any tips on negotiating a sale with a house with this major problem? Or just the obvious: get an idea of possible repair costs and put in a cheeky offer?!
Thanks
I'm looking at my first investment property tomorrow and don't know if anyone can help but I've just been told by the real estate agent that the owners of the house have just discovered the house needs a major re-stumping job.
I've got no details but the agent suggested that the owners only visit occasionally (holiday home?) and they probably may take an "as is" offer rather than wait to get the foundation repairs done.
I don't know if it's possible to estimate but can anyone please tell me what a rough guide to re-stumping a house may be? It's 160 sqm, of timber construction and is built on a flat section.
I don't think there has been any offers on the house as yet so any tips on negotiating a sale with a house with this major problem? Or just the obvious: get an idea of possible repair costs and put in a cheeky offer?!
Thanks
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