Post # 1
I’d like some advice. My husband and I had our inspection today of our potential future first home. We love the home but it is at the top end of our budget and the inspector’s report shows that the roof, heating, and cooling systems are all towards the end of their lifespan. So basically, we would be looking at replacing them all in the next 5 years. The seller’s are including a 1 year warranty. So basically…what are your opinions?? We are thinking roof replacement as well as either replacing or adding 5k to our seller’s assist for one of the other systems. What do you guys think? (we are willing to walk away if need be). Thank you in advance for your awesome advice 😉
Post # 3
I would add those. Worst they will say is no right? If you are willing to walk you have nothing to lose and everything to gain.
Post # 4
- Wedding: September 2011 - Baby boy 12/2015
We did this, maybe you can try. Our inspector found out the roof had some hail damage. It was a 8-10 year old roof. We asked the sellers to check whether there was a claim and if they could do that with their insurance. They did and we got a new roof. We paid 50% co-pay which is nothing compared to the roof cost. Definitely add the AC and heater systems to your list of repairs. Good luck!
Post # 5
Will you have $20,000+++ in the next 5 years to replace all these things? If the answer is no, I would walk. That’s a LOT of $$ and work involved in those problems.
Post # 6
Definitely try. The worse that could happen is they say no. But will you want to walk then? I would def try to make the roof a priority and see if they will do that if they’re not willing to do all of it.
Post # 7
Plus, if you are considering asking them the likelihood of other potential buyers asking is pretty high. Had we looked at a home that needed a new roof, and the seller wouldn’t replace, we would have walked.
How old is the HVAC system? Did you mean they are including a home warranty? We have a HW…and while I am not a fan you could always look into what they would cover for replacement.
Post # 8
I think you should definitely ask the seller what they can do. Unless the house is a short-sale or foreclosure, most sellers would be willing to make concessions. Any competent inspector would identify those same problems, so other buyers would likely ask for the same repairs during negotiations. If they are unwilling to make the repairs or adjust the price to accomodate the repairs, be prepared to walk away from the deal. As crayfish said, all of those items are very expensive, very time-consuming, and you really can’t DIY them to save money.
That being said, if the sellers are the original buyers of the roof or heating/cooling systems, you could ask to see if they are still under warranty. In our house, we found 10 windows which had faulty seals, but the seller was the original owner of the home and had a non-transferable warranty on the windows. So she got 10 replacement windows for us at no cost to her or us.
Post # 9
- Wedding: October 2011 - Bed & Breakfast
Maybe it’s different based on the area, but when we were looking our realtor told us that if something was actually broken, it was on the table for repair. But if it was just old (and still in working order), asking for replacement would be overstepping boundaries.
OP- Does the contract price of the house reflect its current condition? Are they selling on the somewhat lower end of average for that house in that location to reflect the age of the roof and HVAC system? Remember, just because it may be at the top of YOUR budget, that does not mean that the house is priced at the top of fair market value for the property. If the contract price already reflects the condition of the house, you may need to prepare yourself to walk away because the seller rejects your request.