Anyone here who has purchased a home: I got the home inspector's report back and want to negotiate with the seller on fixing critical electrical and plumbing issues. How has this process gone in your own personal experiences? (Please boost)

@vanicpanic I've been on both sides of this. In both cases the outcome was a reduction in the selling price commensurate with the expected cost of performing the needed repairs.

@vanicpanic you might want to get an estimate on your side of the cost of work, then you can submit an offer which cites that and asks for either the work to be done by the seller, or reduces the price in return for your accepting the house as is.

@rafial So, I have submitted my initial offer, which was accepted by the seller. Then I had the home inspector come in. I want to renegotiate the offer (ask them to make the repairs would be preferable), and also to renegotiate the closing date (my asshole realtor pushed for a closing date of June 1, which I went along with because I didnt know better).

@rafial How would I go about proceeding? Getting a couple of contractors lined up to do estimates and then going back to my realtor with "hey, I want these three contractors to give me estimates and I want to push the closing date back"?

@vanicpanic Also, you don't necessarily need three estimates initially, the goal isn't to find the contractor who you'll ultimately hire, it's just to come up with a defensible number that can be attached to the value of what is being negotiated over.

Sign in to participate in the conversation
Mastodon

The social network of the future: No ads, no corporate surveillance, ethical design, and decentralization! Own your data with Mastodon!