Home Buying in 08867>Question Details

Mike, Home Buyer in Annandale, NJ

when presenting an offer, if the home has a septic over 40 yrs old, is the cost of a new one factored into the offer? toilets also don't flush.

Asked by Mike, Annandale, NJ Thu Jun 23, 2011

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Yes, suggest you factor the condition of the home into your offer - which is essentially your statement of value. It should be priced to reflect this, but how a property is priced and what you deem its value to be are not alway in line.

A septic inspection should be part of your inspection - most inspectors will have septic guys they can pull in - it will cost you more, but will be money well spent.

Good luck to you,
Jeanne Feenick
Unwavering Commitment to Service
Web Reference: http://www.feenick.com
0 votes Thank Flag Link Fri Jun 24, 2011
The offer will contain what ever you are asking for, you can make an offer as is and you fix everything or make an offer asking them to replace everything. You should make your offer contingent upon a home and septic inspection to know for sure if anything is wrong
Web Reference: http://www.ScottSellsNH.com
0 votes Thank Flag Link Thu Jun 23, 2011
You can use the argument to support what I believe will be a low offer based on your belief you will have to replace the septic. It might need a good pumping or more, I would certainly get it inspected in your Due Diligence period. What do you mean the toilets won't flush? Are they broke? Water shut off to them? Do they overflow? A toilet is a pretty simple thing to figure out when it is not working and has only a couple parts that can easily be replaced.
0 votes Thank Flag Link Thu Jun 23, 2011
That is entirely up to you, Mike, and a great question for your Buyer's Agent. Is the home already priced to accommodate replacing the septic, and has it failed? You should opt in for a full home inspection including well and septic - charges for these inspections vary by locale so check with your Realtor for several names of qualified inspectors. Currently, there are 4 homes in our market with similar issues - in 2 of them the home seller opted to offer escrow at closing for the septic replacement and in 2 the seller opted to lower the price to accommodate that replacement. Good luck with your house hunting!
0 votes Thank Flag Link Thu Jun 23, 2011
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