Are sellers not willing to fix inspection issues? Really? Is it everywhere or only here? (tenants, disclosure)
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Update: We reached an agreement. I guess their agent got them to realize what we were asking was not too much.
The septic was inspected and the septic inspector was the one that told us it needed pumping. So they'll do that & fix the electrical issues. We agreed to fix all the leaky faucets and valves and clean the house.
We were not asking for any out of this world request. Not even to get the electrical up to 2014 code, just to fix the electrical cables cut around the panel. I do see that some buyers ask for the world and we get the sentiment of the sellers.
I found out what they paid for the house and it's around what we're paying now. I don't know if that played a part.
I am an agent in NE Ohio. Overall, sellers have been willing to fix items, especially code issues or safety issues. But each seller is different. Even when I've been a listing agent and the seller has told me privately they have come down enough on the price, I"m done, not doing anything else. Then the inspection report comes in and they agree to do it. The only time this seems to be a serious issue is when the sellers know they are not making any money on the sale, maybe breaking even, maybe having to bring a bit of money to the table to make the sale work. Then they tell the buyer's agent they are tapped out - and sometimes say this prior to the inspection. And yes, there is room in many cases for negotiations on how much of the expense the seller bears and in a counter offer asks the buyer to take on some of the cost. Hope this is helpful.
The electrical panel not being up to code may hinder your ability to get insurance. This is the only thing listed that I as a buyer or seller would expect or agree to repair.
True! AND did you have the septic inspected and make sure it is up to code? If it's not you may have a huge issue should you ever need to sell the home.
It really wasn't all that many years ago that homes were just bought and sold... Home Inspections were rare... at least here... no one in my parents generation ever had a home inspection... later, lenders required a termite inspection in addition to satisfactory appraisal.
You only have a deal when parties agree...
My go to Broker has stepped in on a few occasions to make deals happen by paying for repairs from commission proceeds... the beauty of Real Estate is negotiation... just like buying a car!
Glad it all worked out for you...
As a seller, I will gladly spend a day or so correcting punch list items... if you want me to replace a perfectly fine water heater, furnace or roof... it ain't going to happen... I may offer a couple of hundred dollars Escrow Credit so the buyer can save face and that's it.
The last home I sold had multiple overbids... the buyers had a few unusual requests... the in ground basketball hoop and $3,000 play structure had to be removed and they wanted to keep the freestanding chicken coop with chickens...
Seller said at the price they are paying... done deal!!! Plus they sold the play structure for $800 and took the in ground basketball hoop with them after cutting it at ground level.
Fight over major things, like major electrical issues (such as your electrical panel), or major plumbing issues (like a pipe rusting through your ceiling), safety issues, or fire issues.
E.g., the elevator doesn't work? Nope. The emergency exit door doesn't open? Nope...
Minor "touch-me-up" things like paint jobs are negotiable. E.g., "there's a little chipped paint in the kitchen." "there's a leaky faucet in the bathroom."
Last time someone told me I had to fix some things to sell my home, I got a higher offer with no conditions while I was deciding. I told the fist buyers to stick it, I am not doing anything and was rude about it. They left and I sold my home for a better price. Oh on top of all this I sold it with no agent because I was only offering a seller's agent commission. It worked out great for me the buyers walked.
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