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Neither of the inspection issues are huge deal-breaker type problems. A 275 gallon above ground oil tank is only around $600, plus maybe that much again for labor. An exterminator is only a few hundred. So you're probably talking about $1500-$2000 total.
If it was me, I'd offer $2000 over asking price and drop the closing cost request, with a contingency that they fix those 2 issues.
Do you want the house or not? Right now, you've got it. If you want to play games with the price, you might get it for less, but most likely you will lose it.
It's not like "asking price" is some objective measurement of a house's value. What is it worth to you? If it's not worth net 392K then walk away. Don't get hung up on whatever number happened to be on a listing. Not saying it's the case here, but in some cases, people deliberately lowball to trigger a bidding war - it doesn't mean the house is only worth that lowball number.
Exactly!!
Listing a house for sale on an MLS is not setting a price.
It is a solicitation for an offer.
When people get hung up on ignoring value, and not going over list price out of superstition regarding value and pricing, I always ask, "So, if the property was listed at $8.00 and it will appraise for $350,000, you wouldn't go over list price?"
Ask for a copy of the inspection report and tell your realtor to advise that you are concerned about the mice and oil heater issues -- and wondering what THEIR best and final offer is for you to move ahead with the sale.
That will put the ball in their court, yet still leave you in a negotiating position based on their response.
This sounds like one of those 'whoever blinks first, loses' deals. You may be able to save several thousand, particularly since the sellers have already found a house they want to buy.
Ask for a copy of the inspection report and tell your realtor to advise that you are concerned about the mice and oil heater issues -- and wondering what THEIR best and final offer is for you to move ahead with the sale.
That will put the ball in their court, yet still leave you in a negotiating position based on their response.
This sounds like one of those 'whoever blinks first, loses' deals. You may be able to save several thousand, particularly since the sellers have already found a house they want to buy.
Buyers don't usually hand over the report to the seller (at least here). They may give a cut and paste of that commentary for anything in question. If they did give the seller a copy, great, but I know I would not give the seller the complete report that I (as a buyer) paid for- now, if he wanted to buy it.......that may be petty, but a question: was there a seller disclosure? If so, we're these items listed? Both are rather hard to "forget,"
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