Buyer was credited for a sewer line repair, now they want me (we share the sewer service) to pay another 50% of repair cost. bullshit or not?

I own a townhouse that shares a sewer service with an adjacent unit. The adjacent unit just sold. During the inspection, they found a belly in our shared sewer service. 1950’s cast iron pipe which does not appear to be damaged.

We lived next to the seller for a while, so they gave us a heads up about the whole situation. They got a quote of 7000 to repair the sewer. The seller ended up crediting the buyer 7000 to repair the line.

The buyer has since approached me asking for 3500 to fix the line, since we share it. I told them that since the seller paid to fix the sewer, I’d gladly split anything over the initial quote, expecting there to be some unseen costs that come up. In my opinion, the seller pays the majority of the cost and its fair we split the remainder. The buyers agent said we should only be expected to share costs over 7000.

The buyer does not agree. Who is in the right here?

submitted by /u/Pickin_n_Grinnin
[link] [comments]

I own a townhouse that shares a sewer service with an adjacent unit. The adjacent unit just sold. During the inspection, they found a belly in our shared sewer service. 1950’s cast iron pipe which does not appear to be damaged. We lived next to the seller for a while, so they gave us a heads up about the whole situation. They got a quote of 7000 to repair the sewer. The seller ended up crediting the buyer 7000 to repair the line. The buyer has since approached me asking for 3500 to fix the line, since we share it. I told them that since the seller paid to fix the sewer, I’d gladly split anything over the initial quote, expecting there to be some unseen costs that come up. In my opinion, the seller pays the majority of the cost and its fair we split the remainder. The buyers agent said we should only be expected to share costs over 7000. The buyer does not agree. Who is in the right here? submitted by /u/Pickin_n_Grinnin [link] [comments]

<a href="Read More“>View Full Article

Need More Commercial Real Estate Leads?SAVE 40% this month!

Our commercial valuation calculator was created to evaluate commercial real estate. In 6 quick steps you will know your NOI, CAP RATE, and IRR.

Now you can get your own branded version of our calculator!