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One way to increase the attractiveness of your offer (without increasing the price) is to limit the inspection (usually to health and safety items, or to a specific price threshold). Tightening up the inspection can help you win the bidding war, but forgoing the inspection entirely may cost a lot of money down the road. This is why.
The service life for cast iron sewer pipes is 50 to 75 years. As the years go by, these pipes will rust away from the inside. Much of South Boulder was built in the 1950's, which means if the sewer pipe hasn't already been replaced, it will likely will need an expensive repair in the near future.
A typical sewer scope will pick up root intrusions in clay, dislocations, and bellies. It might not catch a pipe that is close to failure and rusting away at the bottom.
Never buy a house without an inspection.
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As always, your referrals are deeply appreciated.
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The ideas and strategies described in this blog are the opinion of the writer and subject to business, economic, and competitive uncertainties. We strongly recommend conducting rigorous due diligence and obtaining professional advice before buying or selling real estate.
Want to get blog updates via email? Click HERE.
Ready to buy or sell? Schedule an appointment or call 303.746.6896.
You can also like our Facebook page or follow us on Twitter.
As always, your referrals are deeply appreciated.
--
The ideas and strategies described in this blog are the opinion of the writer and subject to business, economic, and competitive uncertainties. We strongly recommend conducting rigorous due diligence and obtaining professional advice before buying or selling real estate.
