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Are you paying for the price of a new home, with all new appliances and fixtures, or are you paying the price of an older house? I would guess that the price of the home already factors in older appliances and is reflective of the actual condition of the property. I would think if you didn't think the price worth the state of the appliances and house in general, you would simply seek a lower price which is actually equal to the fair market value of a home in need of a bit of upgrading or updating. However, note that if you and others are willing to purchase this older home with its older appliances at the agreed upon payment price, then this IS the fair market value of the home and it is up to you to spend on upgrades at your discretion.
This condo i'm looking at has an original heat pump/AC in one-unit from the 80's. Seller claims it works.
Are these really expensive to replace? Also, I'm not sure if electrical has to be upgraded outside where it gets power. I don't want no 10k bill down the road.
If the seller is buying the warrantee for the first year, continuing it for the subsequent year/s is not substantially more expensive. It is reasonable to ask the seller to cover the house for 12 months which takes into account all seasons and it is sufficient for the sellers to cover you for that period and give you peace of mind that the equipmentt does work and in the event it doesn't you will be saved a major expense. but if you can get second year coverage for $500, it is unreasonable for you to ask the seller to cover you for the second year (and I might add makes your negotiating position untenable) when you are seen as dickering over $500 probably 0.1% of the purchase price.
Just make sure that warrantee covers major items with total replacement and not value depreciated for their age. If they depreciate for the age then get abetter warrantee. OR instead of the warrantee take a chance on replacing because warrantee will not actually give you much credit and you will be stuck with the warrantee co. and their price for replacement of the item.
bd3521: heat pump replacement won't cost you $10 K and if you had to replace it do it before end of 2010 and get 30% energy credit .. will not need any elec. upgrade in any case.
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