Failed septic inspection
I’m under contract to buy a home that failed The county required septic inspection. We know at a minimum the tank has to be replaced however there seems to be a possible issue with the drainfield which is substantially more expensive 10,000 for a tank replacement versus 35,000 for a system replacement.
This is a unique property because it is multiple acres inside of the city limits, but the house needs a lot cosmetically and some things mechanically. I have lived in the home as a renter for the past 12 months and have had no issues with the plumbing whatsoever. A septic company had us fill the tank and noticed that the water was not going out to the drainfield the way that it should and explained a drainfield replacement is very likely and at minimum the system is on borrowed time.
My stance is that this is something they will have to replace regardless if I buy the home or not because the county will fine the sellers $500 a day until the problems are corrected. They have 30 days from the date of the county inspection to get this fixed.
Numbers on this deal our sales price of the home $580k only one agent involved. For them to walk away with the same money at closing, they would need to sell the house for $625,000 but I think that’s a big risk for them because they will have to put at least $15,000 worth of Improvements into the property before they take it to market and it’s very likely that other buyers will not overlook some of the cosmetic defects or take the home as is or be unrepresented.
What are your thoughts?