Let's talk about your insurance. The probability of qualifying for insurance with an older roof that needs repaired is nil. Your inspector will have to sign off on a life expectancy of 3-5 years for the roof to even qualify to get insurance.
Why? In Florida it rains and it's hot. Leaky roofs create water damage, mold and claims insurance companies today have no tolerance for.
My suggestion. If it needs a roof put a new one on or find another house.
Murphys Brightway Insurance
Just know, that it is rare that no problems come up on the inspection report. This can be remedied fairly quickly and easily if both parties cooperate with each other.
Good luck. I hope that everything goes smoothly.
Nicole Marks Mason, Realtor
What the owner of the home in Boynton Beach will do depends upon you and your contract. The first question to ask yourself is, " How much will it cost to reapir this roof problem?"
The answer may or may not be in your inspection report. Very often (but not always) an inspector can give you an approximate cost of repairing the problem item.
So, once you have that cost, the next question to ask yourself is, "How much do I want the house?" If the answer to the question is that you really, really want this house in Boynton Beach, then you have two choices:
The first is to bite the bullet and eat the repairs. And if they are relatively minor and inexpensive, this is the simplest course of action.
If the repairs are major and will cost more than you want to spend, then the second choice is to go back and renegotiate with the seller. Even if you have an 'AS IS' contract, you can renegotiate, as long as you have not approved the inspection and as long as you are still within the inspection time period of the contract.
Here's why you can and should consider renegotiating:
The seller of this Boynton Beach home has filled out an item called the "Sellers Disclosure." That means he is supposed to let potential home buyers know about any major problems of which he is aware.
If he was not aware of the roof problems before the inspection, he is certainlhy aware of them now. So even if you don't buy this home in Boynton, the seller has a roof problem that will need to be fixed.
More important, he will have to disclose this problem to the next buyer that comes along. His Boynton Beach realtor is now also aware of this problem. If the seller does not disclose this problem, his agent is obligated to do so.
In addition, even without disclosure, the inspector for the next buyer is going to find that same roof problem, unless it is fixed.
So, if you want this Boynton Beach house, but the cost of the roof repair is prohibitive, then you need to acquaint the seller with the above facts and start to reneogtiate the price in order to take care of this problem.
If your inspectors have not been able to determine the extent of the problem, and if they are unable to give you an estimated cost of reapir, then you need to either terminate the contract or you need to bring in a roofer to estimate the cost of repair.
Bringing in the roofer will be your expense. However, before you take this step, ask your Boynton Beach realtor to create an addendum extending the inspection period of the contract. By the way, the seller must also agree to this addendum; it cannot be unilateral.
Once the roofer determines the extent of the problem, you and your Boynton Beach real estate agent can discuss the cost of repair and formulate your response to the seller.
Marc Jablon, The Jablon Team
RE/MAX Complete Solutions