Context: - 3300 sq foot house built in 1990. - on market for two months and no competing offers. - Asking price was 620k and my offer of 595k was accepted.
We had our inspection which revealed many minor issues (not worried about minor stuff) as well as some larger issues that I want to negotiate a seller credit for.
My realtor immediately started going on about how we can maybe ask for around $3k but after going through the inspection report I want to ask for $10k. My realtor is balking at $10k and making it seem as if I’m asking for an outrageous amount.
The issues and my rough estimates of costs are as follows:
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Miscellaneous electrical issues throughout: $500-750 - exposed and improper wiring in basement - couple ungrounded outlets in kitchen - improper panel wiring issues
Plumbing: $1000 - 2 out of 3 sump pumps are not operating and need to be replaced - unused leftover plumbing coming out of garage wall where a former mini bar used to be needs to be removed to hang missing drywall in garage
Gas leak: $250-500 - gas leak in kitchen cabinet underneath the range top
Forced Air Furnace: $2500 - old and inspector noted that it could require repair/replacement at any time
AC compressor: $1000 - old and inspector noted that it could require repair/replacement at any time
Garage dry walling: $500 - missing a very large section of drywall which is currently a safety issue because no protection from fire spreading
Windows: $2500 - large number of windows with broken thermal panes - large number of windows that are inoperable and won’t even open - very old and likely need replacing soon
Ventilation issues: $500-1000 - both bathrooms on second level have vents that just blow into attic and need to be fixed to vent outside
TOTAL: $8750-$10000
Am I being unrealistic to ask for $10k on a 600k house with the above issues?
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source https://www.reddit.com/r/RealEstate/comments/195k0st/my_realtor_thinks_im_asking_for_too_much_credit/
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