LIFamilies.com - Long Island, NY


RSS
Articles Business Directory Blog Real Estate Community Forum Shop My Family Contests

Log In Chat Index Search Rules Lingo Create Account

Quick navigation:   

negotiating price down AFTER inspection

Posted By Message

SpiceGirl
Dream big

Member since 1/06

2486 total posts

Name:
j

negotiating price down AFTER inspection

Did anyone negotiate the sale price of their house down after the inspection?

If so, what kind of things would warrant a price reduction? Our inspector find quite a few things that need repairing:

-deck is unstable
-heating unit needs to be replaced
-outllets in DR/Den/BR - 2 prong (not grounded

Also is it unreasonable for us to ask the seller to remove the unstable deck (and we'll replace it) and to remove their above ground pool?

Thanks for all your input!!!!!!

Posted 11/25/07 10:47 PM
 
Long Island Weddings
Long Island's Largest Bridal Resource
  |   Prudential Douglas Elliman Real Estate

BikerGrl
Merry Christmas!

Member since 5/05

2875 total posts

Name:
It's not the destination....it's the journey!

Re: negotiating price down AFTER inspection

I know some houses we looked at said things like "Pool as gift" or "Deck as gift". If that's the case, then you couldn't ask for that. I guess though if there is nothing like that, ask....it can't hurt.

Posted 11/25/07 11:01 PM
 

SpiceGirl
Dream big

Member since 1/06

2486 total posts

Name:
j

Re: negotiating price down AFTER inspection

They didn't say anything like that...so I guess I'll take a shot. The worst that could happen is they say no! Chat Icon

Posted 11/25/07 11:14 PM
 

CunningOne
***

Member since 5/05

26975 total posts

Name:

Re: negotiating price down AFTER inspection

We bought back in 2000, but we did lower the price after the inspection.... Our initial bid was pretty close to asking price, and some things in the inspection report we negotiated on to lower our price were:

* 2 roof layers, would need new roof eventually, not just another layer
* original cesspools (40+years old)
* original furnace
* water heater exceeding useful life

I *think* we came down about $10K, but I don't remember Chat Icon I will say that we 1) have not had to replace the roof 2) cesspool still working and they are original 3) furnace worked until we replaced it because we put in CAC, not because it wasn't working and 4) we replaced our water heater with a tankless water heater when we re-did the lower level. Those immediate concerns on our inspection report were not so immediate Chat Icon

Posted 11/25/07 11:31 PM
 

leese
Sarge!

Member since 5/05

1965 total posts

Name:
Leese

Re: negotiating price down AFTER inspection

We had some similar issues - the deck, the heating system, and some electrical.

The cost of changing out your electrical to three prongs is not that much...my DH did that all in an hour.

The deck is an issue because if it is truly unstable, you may not get a passed C.O. from the town inspector. So that may be an issue and they may have to remove it or stabalize it.

The heating system - sure go for it.

We made a list of all the issues we found from the inspection, asked for a number and negotiated from there. We were able to come down a bit again.

Posted 11/26/07 8:11 AM
 

FullersBride
LIF Infant

Member since 4/07

132 total posts

Name:
Maria

Re: negotiating price down AFTER inspection

We negotiated A LOT after our inspections.

Our house had high levels of radon so we had them do radon remediations which was $3,000.

The pipes in our basement were insulated with asbestos so we had them do the remediation on that $5,000

There were a bunch of outlets that were not grounded. They had the option of fixing it themselves or paying $50/outlet.

The basement bathroom did not have a window or a ventilation fan which put it out of code so they installed a ventilation fan that vented outside.

We got $3,000 back cash on closing because part of the stone wall wall in the bak of the house collapsed and there were a bunch of trees tha needed to be taken down.

So you can defenitely negotiate. At this point you are in contract so itws pretty hard for them to pull out at this point. Hard ball them and negotiate as much as you can

Chat Icon

Posted 11/26/07 10:15 AM
 
 

Potentially Related Topics:

Topic Posted By Started Replies Forum
Negotiating for money off purchase price or repairs usuk2004 12/28/05 4 Home
Negotiating price if appraisal comes in LESS than selling price? greenfreak 9/20/07 26 Home
Is this a good price on lawn treatment? CaidensMommy 3/23/06 1 Home
Booster seats - Fisher Price or First Years seat KAS 3/18/06 3 Parenting
refinishing hardwood floors - ok price? Leeners 3/18/06 6 Home
Price of Brick Steps? hazeleyes33 3/17/06 3 Home
 
Quick navigation:   
Currently 362569 users on the LIFamilies.com Chat
New Businesses
1 More Rep
Carleton Hall of East Islip
J&A Building Services
LaraMae Health Coaching
Sonic Wellness
Julbaby Photography LLC
Ideal Uniforms
Teresa Geraghty Photography
Camelot Dream Homes
Long Island Wedding Boutique
MB Febus- Rodan & Fields
Camp Harbor
Market America-Shop.com
ACM Basement Waterproofing
Travel Tom

      Follow LIWeddings on Facebook

      Follow LIFamilies on Twitter
Long Island Bridal Shows