Check how old the water heater is. If its a year or so away from its expiration, figure on 1,000 for parts and labor for replacement (it might be less but not on a weekend when it breaks). Also check the pipes that feed in/out of the tank. They can get really corroded and need replacement as well. Its one of those things owners don't check for.
If you get "any" flack over stuff you find remember thats its a buyer's market again. Its really hard to sell a home at the 3-month-ago prices these days. So you have the power.
JTA
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