Apparently there are some septic issues at a place I’m looking at on the lake. The seller says “it works for a 2 person household as of now but they are aware of defects” — if it’s partially working, what’s the most likely scenario here? $5-10K in repairs?

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Get a septic inspection and know what you're getting into. Think I paid a couple hundred bucks last time for inspection.

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Did the seller get quotes? Something like that near a lake could have significant code/environmental issues and may not be fixable. I would talk to an expert as the worst case scenario could be a lot of money or restriction on the use of the property.

Get it properly inspected! Found issues with septic after waiving a septic-specific inspection, bank would not let us close due to it being a liveability issue. Had to replace the whole thing.

As mentioned above get an inspection, better to be safe than sorry.

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