Before You Walk Away: Work with your agent to negotiate with the sellers. Would they be willing to split the cost or put in a claim on their insurance if they have hail damage? An old roof is a concern, but it doesn't have to be a deal breaker with creative negotiation and budgeting.
Before You Walk Away: Use your findings as a negotiating tool to get the price reduced or closing costs covered. Work with your agent to determine the best way to move forward without breaking the deal. Consult with a certified electrician to determine the most pressing repairs and those that can wait.
Before You Walk Away: Just like many of the deal breakers on our list, plumbing issues can be a great tool for negotiation to get the price reduced, closing costs covered, etc. If plumbing issues are found, work with a plumber to assess the cost and time of repairs. Sewer line repairs can be the most costly, but they can sometimes be corrected with regular cleanouts.
Before You Walk Away: Ask your agent to help you pull permit records for the home to see if any of the remodels are on file with the city. Bring in a trusted contractor to look at the work and give you a bid to correct it. Use the information you gather as a tool to negotiate with the sellers. If the work is just too costly or the sellers won’t budge, it may be time to go back on the hunt.
Before You Walk Away: Check with your insurance company about the cost of flood insurance for the home you are interested. Talk to locals to see how often the area truly floods and if your home is one usually affected. Your agent will advise you on how to proceed with the purchase as well if you decided to forge ahead.