Thursday, March 16, 2017
Real estate haggling
Realtor reached out to me yesterday, to go over the inspection report that was in, and the water potability test results. At that point, we were still waiting for the water radon test (subsequently came back negative), and the air radon test (not yet in as of this morning). We went over the report in detail and discussed which items to bring up to the seller's, who had already been made aware of the leaking shower.
Last evening, a response was forwarded to me via e-mail. The seller's have agreed to the following:
-a credit of $4900 (from my contractor's quote) for the master shower
-the furnace will be cleaned/serviced and a repair done ot the exhaust flue that needs to be resealed (carbon monixide risk) by a named company
-a $650 credit for the nonworking dishwasher
-the septic will be cleaned (I follow up with a request to please provide the company name for record keeping purposes)
-a licensed electrician will look at the reported undersized and nonconforming electrical wire going into a breaker on the electrical panel box, and replace if deemed necessary or provide a signed letter stating that it was not needed
Those were all of my "big guns" as I didn't feel it was necessary to list every minor little thing such as the missing electrical switch cover plate. I feel that their response was very fair, I hope that they perceived my requests in the same light.
Between today and tomorrow, I have several tradesmen coming to the home for additional quotes: wood floor company, electrician, plumbing, propane gas company (for range install in kitchen, possibly the tankless hot water in cellar but that may* be put on hold a bit, and a definate further out quote for converting the wood fireplace to a propane fire burner-so that I know how much to expect). A final contactor who is taking a few days off for a medical procedure (he didn't provide, I didn't ask) will be contacting me once he is able to, and setting up a time to go over and give me a quote).
At this point, my loan is in underwriting, I await the air radon test, and my quotes so that I can finalize what I must do and what I wish to do and in what timeline, especially what must be done before we move.
I have been watching the local real estate market since 2012 and know how rare it is to find a (mostly) level Ranch home, especially as more babyboomers, such as myself age. The condo is nice, but the stairs are already killing me. No home will ever be perfect, while I am not looking forward to big repair bills, once I do get the work needed done, I know that it will be right, and will work correctly, efficiently in the long run. I am also excited to make a house my home. It's been a goal that I have been working towards for a long time.