Skip to main content

Feel like Realtors aren't helping me with home negotiation after inspection

Hey Reddit,

I am in the process of buying a home that was sold for 127,000 as a foreclosure house in 2012( the people who owned previously could not afford the house so they sold it for cheap as it was 181,000 in 2005 but sold for 127,000 in 2012). the listing price for 2020 is now is 274500 and i offered 279000 with seller payig 4k closing cost.

we now did the inspection and we found

air duct in attic was off. Mouse and droppings in the attic. sink has low pressure water. bathtub water drains extremely slow. fridge handle is damaged, stove knob not turning, microwave cover coming off ( fridge not included). Chimney is extremely dirty ( potential for CO2) AC unit is 21 years old and furnace is also 21 years old but has lots of rust in it.

now with all this said i want the seller too mainly tackle the repairs of the HVAC/furnace/mouse/Chimney/sink and tub items.

the HVAC/furncace/ concerns me a lot as i want them to get it replaced with a new one

my realtors leader says just take 4k off the selling price. i dont like this because the mortage would be 33 dollars less and i would still be paying for a HVAC unit/furnace/pest and all the other stuff i feel like im just going to walk into this house with throwing money and being ripped off as my first home.

what do you think reddit? what should i be asking for in order to close the deal? or am i asking to much. i feel like the realtors leader is ripping me off because they want to close a deal but i am not happy with the offer they want me to sign

submitted by /u/m1786
[link] [comments]

source https://www.reddit.com/r/RealEstate/comments/ika3no/feel_like_realtors_arent_helping_me_with_home/

Comments

Popular posts from this blog

Aren't comps/CMAs useless with buyer credits at close happening now?

I'm looking into buying a new construction townhouse in my HCOL US city. I'm seeing builders offering interest rate buydowns worth $20k-$60k on $800k homes (rather than just lowering prices) in order to keep their comps high for their other units, now that buyer demand has been declining. I asked my agent about these, and he said these buydowns aren't even the full story: buyers can write all kinds of other credits into an offer, like their closing costs, prepaid sewer fees, etc. Apparently cash buyers can just write in a "buyer credit at close" for any amount in their offer. So a new townhouse that appeared to sell for $800k in the MLS might have actually been a cash offer with a $100k+ buyer credit at close, meaning the buyer only spent $700k or less in total, but to the rest of the world they can only see the $800k! So that made me realize I can't trust comps/CMAs for other new construction townhouses. The sales prices could be way lower than they appear...

Obtaining a real estate license as a hobby?

Hello, I am 24 years old - 2 years out of college and I have my main job. I was looking to get a real estate license (in California if location matters) as a hobby/for fun since I like real estate ever since I was in high school. In the past 2 years, I would go to open house in the weekends to look at homes for fun. I don’t plan to practice real estate full time as I have my main job but I am curious are there any benefits to this? In the future, I plan to own multiple properties and have rentals, so I was wondering if getting a real estate license can help me with it? Thanks submitted by /u/AlohVera [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1f0qx9i/obtaining_a_real_estate_license_as_a_hobby/

Advice? Moved out of my primary residence and now renting

I moved out of the house I own in August 2021, I lived there for 8 years, I have been renting an apartment the past 3 years and renting out my house. My current tenant is moving out in September. I seem to have just missed the living 2 years out of 5 years rule for being exempt from capital gains tax and my house being a primary home. Any advice on what the best thing to do would be moving forward? Continue to rent out my house? I'm happy with my rental, but wouldn't mind buying another property down the road. I could sell my house down the road and try to do a 1031 exchange? Moving back in my house isn't ideal because it's an hour away from where I currently live. I could take a HELOC perhaps and try to buy another property and continue renting for the long term? I do have a 2.4% mortgage rate on the house so I don't mind keeping it for a while. Thanks for everyone's advice. submitted by /u/Ok-Top-7859 [link] [comments] source https://www.reddit.co...