Sometimes, it's good to view people like that the way you would think about
a store whose service is awful, or a mechanic who keeps trying to fix your
car and fails, all the while taking your money. Why do business with them?
Unless the house is really amazing, you're not going to feel good about it
later. Make really sure your emotions about the house aren't clouding your
judgement. But, I'd yank the offer.
I would walk, if the idiot is motivated he might move on price. You
just never know.
With a attic that cant be clearly inspected conveniently piled with
junk the roof joists MIGHT be rotten.
If you proceed with sale borrow enough to replace roof after DEMANDING
COMPLETE ACCESS TO ATTIC AND GET 3 NEW ROOF ESTIMATES any patching is
just wasted money and allows more rof damage:(
home buying is so stressful:(
How does his delaying closing by a month cost you $350 in interest?
You only pay interest starting from the day your loan is closed. I
could see it costing you an extra month's rent, interest, etc where you
are already living, but you have to pay to live somewhere anyhow,
whether its the new house or someplace else, don;t you? Things like a
delay in closing happen all the time. With a home, you're going to be
in for a lot more aggravation than this.
As to whether to take it as is or walk now that the seller won't give
any credits for repair, that depends entirely on how the house is
priced and how much the repairs are. If the house is well below what
similar properties that don't have these issues have sold for, then it
could still be a very good deal. If it's priced close to similar
properties without repair issues, then I'd walk. Also, keep in mind
that the housing market has slowed drastically. It;s no longer a
seller's market and he may not find another buyer easily. He is also
under some pressure, perhaps considerable pressure, in that he already
has a home he is committed to closing on. If you play hardball, he
may reconsider. In this market, I'd be in no rush to buy anything,
unless it was a very good deal.
What in the above makes him an idiot? Is the house a good deal at the
price? We don' t know that.
The fact that he has no place to move to so he want to stay until he does?
What would you do?
Sounds like a person that wants to keep a roof over his head and get a fair
price for his house when he moves.
The fact is that he has been difficult to do business with. Everything
I have asked him to do, he has refused. I offered him full price for
the house, but that he help with 1/2 of my closing costs, and he
refused. In turn, I gave him full asking price, and i'm paying my
closing costs. Now I'm asking for some money for needed repairs, and he
is refusing again. I'm fed up with it. This is my first time buying a
home, so perhaps this is normal, but I'm going to take the advice of
many in here and bail out. This isn't the only house in town, i'm ready
to do business elsewhere.
Edwin Pawlowski wrote:
No one ever helped me with my closing costs. I'd certainly not help you.
Reality is, if you want me to contribute say, $2000 to closing cost, I'm
going to want to get another $2500 for the house. Once you learn the "no
free lunch" theory of life, you will be much happier. You agreed on a
price,. That is the way business is done, not by whining afterward for some
It's quite normal for the seller to either make repairs or reduce the
price accordingly, unless the house was originally priced with those
things factored in. Not every little thing always gets fixed, but
larger items mostly. This condo sounds like it needs quite a bit of
work, some of which is pretty major. I think he's smart to look
While it is quite normal, those things are discussed and agreed upon then
the deal is sealed. You don't complain after that you didn't get what you
IMO, (different than yours) none of the items are major and sound like
normal wear on a 25 year old house. It still comes down to value versus
selling price. If the house, as is, is priced right, you just buy it. If
not you move on before anything is signed.
Assuming a standard offer, the contract would be contingent on a home
inspection. (At least it was for me.) Expecting remedies to issues from an
inspection (or refusal to allow an inspection) is pretty normal, and
certainly not whining for concessions. The buyer has every right to ask for
remedy, and the seller has every right to refuse. (Though, at least in Ohio,
anything found in an inspection must be disclosed to future potential
It really is area dependent. Unheard of in the last place I had in the
northeast. No one would even think to ask.
I'm in NC now. It is std for seller to pay some/all closing costs. Even
professional (not bank) appraisals have notes that the appraisers opinion
is based on the seller paying #x of closing costs.
What you haven't told us is how the house is priced relative to other
similar homes that have actually sold. Any real estate agent should
be able to give you 6 comparable properties that have actually sold
If the guy started out asking $190k, and is now down to $160K and the
house is a great deal compared to other properties at that price and
factoring in the cost of needed repairs, then he isn;t being
unreasonable in not cutting the price. On the other hand, if similar
houses can be had for the same or less, then the situation is different.
Then you should. You say this is your first time buying a house. I just went
through that, and it's pretty stressful. You need to decide how much it will
cost to fix what needs done. If that is, say $10,000 and he's asking
$150,000, is the house worth $160,000 to you? If so, it's a good deal. If
not, walk away.
Actually he might be smarter than you know if say his floor or roof
joists are rotted!
A seller who wouldnt compromise at all is a idiot. Ready buyer is
Just move on the jerk MIGHT decide losing ready buyer isnt good idea
and offer some concessions. Espically since he is buying another home
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