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A friend received an offer and after negotiations settled on a price about 6% lower than asking price. This is on a 100000 k house. The inspection report came through with no real issues on a 30 year old house except low insulation in th attic and no insulation on the ducts and pipes in the crawl space. Either the agent or the buyer is now playing hard ball about the insulation. They want her to do both. This will cost about 3 to 5 thousand on an already low price on a inexpensive house. Is this normal ? Insulation isn't a safety issue. I could see this happening on an expensive house but come on they are fetting the house for 95000 .This is ridiculous. She's asking me if she should do it, or if she has to do it. I don't think she has to do anything, But she could lose the offer.
...low insulation in th attic and no insulation on the ducts and pipes in the crawl space.
They want her to do both. This will cost about 3 to 5 thousand...
Oftentimes shoppers for low priced homes have no extra cash for any kind of "energy saving updates" and poor insulation can lead to high utility bills in both hot summers and cold winters. Makes sense that this could be something the buyer feels is worth digging in their heels over.... There is no indication it is a "bluff". Frankly I would never WANT a seller to actually hire someone like an insulation firm as the quality varies far more than amongst trades where licenses are required for safety / insurance / code issues -- think about it, no sane electrician would cut corners but an insulation contractor could easily scrimpy...
The thing too is insulating an attic or crawl space is pretty easy DIY project. Maybe a good compromise is for the seller to offer to through in a grand or two for the new owners to go buy material at the local building supply yard and make this their first "personal touch"...
Last edited by chet everett; 06-19-2013 at 08:20 PM..
Insulating ducts in a crawl space isn't that easy for a DIY project. The attic, yeah but even the attic would cost about 1500 in materials. I have no idea how much for insulating the ducts. I basically just told her that the house is already low enough. It has a new hvac furnace and ac and new water heater, new appliances. For 95000 an inspector would probably find way more problems on other houses around 30 years old. Hope I told her right.
A friend received an offer and after negotiations settled on a price about 6% lower than asking price. This is on a 100000 k house. The inspection report came through with no real issues on a 30 year old house except low insulation in th attic and no insulation on the ducts and pipes in the crawl space. Either the agent or the buyer is now playing hard ball about the insulation. They want her to do both. This will cost about 3 to 5 thousand on an already low price on a inexpensive house. Is this normal ? Insulation isn't a safety issue. I could see this happening on an expensive house but come on they are fetting the house for 95000 .This is ridiculous. She's asking me if she should do it, or if she has to do it. I don't think she has to do anything, But she could lose the offer.
If they are asking because the buyer is short on cash, tell the seller to do it, but the price will go up the amount it costs, and the buyer can finance the repair into their mortgage. With cheap rates, that's better than an 18%+ on a credit card.
If they are asking because the buyer is short on cash, tell the seller to do it, but the price will go up the amount it costs, and the buyer can finance the repair into their mortgage. With cheap rates, that's better than an 18%+ on a credit card.
If they are asking because the buyer is short on cash, tell the seller to do it, but the price will go up the amount it costs, and the buyer can finance the repair into their mortgage. With cheap rates, that's better than an 18%+ on a credit card.
Didn't think about that option. With it, I'm assuming this kind of repair isn't something she has to do in the first place?
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