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URL:  http://boards.fool.com/thanks-for-both-your-feedback-we-have-been-20705418.aspx

Subject:  Re: Well test....who pays? Date:  4/29/2004  9:12 PM
Author:  tigemac Number:  70331 of 128887

Thanks for both your feedback!

We have been calling around today and it's not very expensive. The thing that we have been burned with in the past though is outlaying the expense of inspections and then having them expose problems. Those problems aren't always negotiable so then you end up losing the cost of the inspections.

Last year we put a contract on a property with contingencies on the inspection. The inspection showed a structural defect in the deck of the property that would have to be rebuilt. Cost was $20k. Seller refused so we ended up losing money for both the normal inspection and the structural engineer. It was about $500 all told. :(

Anyway...I digress. Thanks.


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