@frankrolfe and @Jefferson, Long story short… I like the park I’m under contract with… but it’s coming down to I found several septic repair issues that need to get resolved (not high $) and importantly a new water storage tank that will need to get replaced (12-20k est.). Owner says he’s taking care of it and it will get done… I’m worried he can’t afford it. I’ve already submitted a price adjustment, and mentioned the other items need to get done with inspection approval, etc…
Is there a way for owner to say “I’ll agree to the price adjustment, but I can’t afford the new well water storage tank… can we work that into the proceeds from the sale and pay the vendor after closing?”
Or… do we walk and not take the risk that we pay for all the expensive surveys, inspections, etc. and then we get to the end and he still hasn’t completed the necessary repairs/tank installation. Thoughts?
Thanks to all who have feedback-