Hello, all. We recently had an inspection on a home including a structural engineer because we felt like there might be structural issues. We were correct and a few walls in the basement must be braced but not excavated. The seller won’t budge on price and insists that the cost of the bracing is built into their price already (the home is tax appraised at $15,000-$20,000 higher than what we are buying it at but it has a lot of work it needs cosmetically). We are about to have an appraisal on the property. Should we disclose the engineer report? Must we?
I’m worried the appraiser is going to see an issue of $20,000 in reading the report instead of what it is ($10,000) to fix. Pros/cons to disclosing the report (unless we are required to…which is why I asked “Must we?” as well as “Should we”)?
Thanks in advance!