I'm in escrow for a HCOL area home (1.5 mil) in California and the seller states the house is as-is, built in the 90s. I was planning to do the obvious renovations, like flooring, painting, recessed lighting, and shutters. It's been on the market for 5 months.
I saw broken window latches, broken door knobs, 30 year old water heater tank, and an AC filter that's so furry/dusty that it likely hasn't been replaced in years, among many other ticky tack things. I found out during start of escrow that this was a rental. There are a bunch of other little things that are damaged but a relatively simple diy gets it done.
Also, we're 5 days into escrow and the seller still hasn't sent them to me. Looks like they're waiting to the last moment.
One odd thing I noticed was that all the AC vents were corroded. The inspector was also puzzled saying that means there's condensation in the ducts. Long story short, he found signs of rat infestation. They created many holes in the ducts for nesting. Furthermore there were droppings around the attic and insulation. Another sort of big issue is a good amount of mold under the kitchen sink.
The home was obviously treated like a rental. I'm not even going to get started on the yard and overgrown/unkept trees that probably gave the rats a free access to the roof.
I'm working on getting estimates to address everything in the attic. Duct replacement, rodent extermination/prevention, attic sanitation, and insulation replacement. I'm also getting one to address the mold.
To give you an idea of the costs for this home, I've gotten three quotes for duct replacement alone and it's about $10,000. I'm guessing everything else in the attic and the kitchen sink mold issue is gonna run 20 to 25k.
Is it reasonable to request lowering the price to this amount just you address these two health hazards? If you ask me if the home price is still a deal at 20k more, I'd say no, considering all the other things we have to address.
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source https://www.reddit.com/r/RealEstate/comments/1mn6vpo/am_i_being_reasonable_with_these_requests/
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