$5 says the amount of depreciation is significantly larger than cost to cure, and/or, the Seller is a Jerk.
I remember doing some plumbing in a property my Dad rented out, back in the 1980's;Copper is prone to pin holes due to reaction with minerals and chemicals in municipal water.
I remember doing some plumbing in a property my Dad rented out, back in the 1980's;
Copper pipes had been there since the 1920's or '30's, and in mid-'80's, only 50 - 60 years
later, there were 1/2 dozen soldered elbows & couplings that would be leaking, except
mineral deposits from long-term mickey-mouse leaks had sealed them up.
(I dropped the water from the system & resoldered those joints)
Pin-holes??, maybe in cheapest thin-wall pipe available, and then in unusual water conditions,
but when I sold Dad's house around 2000, the pipes were easily age 70-80, and no pin-holes,
ditto for my own house, built 1962, all-copper, no pin-holes.
But it is difficult to obtain insurance and what is available is at a higher cost.Polybutylene piping in and of itself is not 100% defective and may or may not need replacement.
Maybe *that's* the difference.I have seen more pin hole leaks in copper piping than leaks in polybutylene including plastic fittings. Of course I've only been belly crawling the last 15 -20 years.
Cost to cure adjustmentJust trying to get a handle on how this affects property value.