My wife and I have been searching for a home to buy for a few months and finally found a decent ranch we really like. Inventory has been scarce, we saw at least a dozen homes/town-homes - put in 2 offers - 1 we got out bid and 2 an offer was already accepted.
We put in an offer which was over asking on a house and it was accepted, it checks off many of our boxes, is within our range, good location, etc.
The one regret I am already having is that I did not read/understand the solar PPA fast enough before putting in and signing offer. It is a brand new contract - under 2 years and the length is 25 years. Annual increase 2.9% starting at around $170. No money down on installation so over the 25 years will cost a little under 40k. Problem is roof is turning 15 years old...
Based on the shared electric bills seller has shared for the past 11 months, they have not payed a dime which from my understanding is the panels overproduced and did their job? My concern is that the roof will eventually need to be replaced, which then there would be an additional cost to either pay off panels to be removed or pay to have removed and reinstalled. Is 10,000 a reasonable estimate for remove/reinstall, on top of roof replacement price of course.
If we would consistently not have an electric bill even through crazy weather conditions, should I even worry about this? Would it be wise or risky to renegotiate offer price? Should I ask for a sellers concession to help make up for the cost? Should I wait for inspections to finish first?
We saw the house two days in a row, put in an offer and it was accepted. All of this within 72 hours. Scheduling inspections. Any advice or food for thought I would appreciate, good or bad.
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source https://www.reddit.com/r/RealEstate/comments/1r9p4xi/ct_need_advice_fthb_offer_accepted_with_as_is/
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