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emg1234_gw

Buyer now asking for unnecessary "repairs"

EMG1234
10 years ago

Would love some advice from people?
We put our house on the market a few weeks ago as we intend on building a house this summer.
First offer came in at more than $20K below asking price (12% below asking) and they wanted everything included. We stayed at the negotiation table despite the lowball offer and eventually accepted an offer from them that was $12K below our asking price with no inclusions since they were trying to beat a transfer tax threshold and the timing of the offer meant we'd be able to start moving forward with building our new house (we don't want to start building until our house is sold to avoid ending up with two mortgages- we'll rent during the building phase). The purchase price is easily $5K below what we know we could get if we stayed on the market waiting for the "right" offer.
They've now come back to us after the home inspection saying there is a crack in the foundation and they want it repaired (also they want a screen put in the window rather than having to put it in the window themselves which just seems a bit crackpot like). There's a hairline vertical crack on the interior of the foundation wall. These are extremely common in our area due to our soil so you are unlikely to find any home that doesn't have this exact same type of crack. They want us to dig up the foundation on the outside and have it repaired. There has never been any water come in and anyone with any sense would tell them that so long as it's not leaking you shouldn't mess with it because the new material would expand and contract at a different rate as the existing wall. We've double-checked with a good contractor that we trust and he confirms that it shouldn't be "fixed" unless it's leaking or there was a structural problem- which there isn't- and even then it's not something that they would dig up the foundation to fix.
Getting a house that's in great condition for 5-6% below market and asking for unnecessary "repairs" done in the most expensive fashion imaginable. Even our agent is shocked. I hate to push away a buyer. Am I being unreasonable to refuse?

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