There is a property I am trying to buy, the sellers knows there is an oil tank on the property but does not want it to be inspected for fear that it leaked.
I said, "Fine, my offer is the list value minus the low end cost of an oil tank remediation".
He said no and requested full price.
Is it illegal for me to hire an environmental consultant to send this guy a letter stating that the environmental company is looking to do a site survey for a adjacent property and would like information if there are any oil tanks or if a soil sample can be taken?
The scheme is that the property owner would not know it is me sending the "inspection request" and that he will then capitulate and try to "scam" me by selling me the building for my requested price.
someone who has bought real estate before offers him full value with an inspection period and checks for a leak. People who like to make money don't like gambling and risk and this guy knows you're a chump.
Robert Parker
We offered full price with an inspection obviously.
Luke Roberts
>I said, "Fine, my offer is the list value minus the low end cost of an oil tank remediation"
No you didn't. You lowballed him. If you found anything in inspection that's when you amend your offer.
Really getting the feeling you just watched breaking bad.
Nathan Foster
"There is a property I am trying to buy, the sellers knows there is an oil tank on the property but does not want it to be inspected for fear that it leaked."
The entire point of the post is that he does not want the property to be inspected, but still wants full price. We offered full price, cash, with inspection.
Liam Perry
Show a corncob right up his jacksie, that'll learn him.
Josiah Ross
>he does not want the property to be inspected Why do you think he doesn't want the property inspected?
Gabriel Robinson
He said "The oil tank had been installed in the 40s, it was drained before I bought the building but there is a chance it was done incorrectly and if that is the case there is a chance it leaked. If you inspect it and don't buy I will have to file with state for remediation and it can be a big burden."
Dominic Ortiz
CAn someone explain the breaking bad references
Julian Carter
Yea I’m not sure about where you live, but when I purchase a property The slowing agent clears a full SPDS report and then I have the property inspected by a professional before any funding gets to escrow.
Brayden Sanchez
Shit, selling agent does the spuds report. If that wasn’t obvious eno
Easton Cooper
I suppose they're referencing the time when Jesse buys back his house from his parents by leveraging his knowledge of what wnet on in that house (the meth lab or some other shit). I don't remember the details, but anyway Jesse gets a lower price and his parents just break even with the costs of renovation.
Why are you so hell-bent on this property? Sounds like such a hassle and the owner is a fag. Just buy some other property.
Gabriel Ortiz
Meant to say ‘enough’.
Shit this reminds me of the time I was buying a rental that an old drunk had lived in. He had passed away but before he did he built a guest house on the property. And this old drunk must have been puking in every corner of the main house because it smelled terrible. Everywhere had a stench. I guess nobody had taken the time to evaluate whether or not the old man had goteen permits because he guest house looked like shit and the asking price was about 70 percent of the going rate in the neighborhood. I went in and almost vomited but I could tell there was a great deal to be purchased as long as I did my due diligence. I went to our towns permits and zoning station and looked up the old micro film. There was about 37 documents there but after searching through a fe w i
Logan Howard
Or, now that I think about it, maybe the Breaking Bad reference is to the time when Walter buys the car wash by calling that environmental inspector or whatever. That one situation sounds more similar to OP's situation.
