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homiecat2012

Seller refuses to lower price or make any repairs

HomieCat2012
11 years ago

Hi,

We were all set to buy a great little house. We negotiated with seller for only $4,000 less than their sale price on a house with no appliances, and their price, while fair, was still above very solid comps.

Anyway, we sunk a lot of money during our option period into inspection, roof inspection, plumbing, and foundation as it is an older house. It's by no means a fixer upper, but after adding all the estimates up, it ended up being about $10,000 worth of repairs of varying degrees of urgency. Our agent suggested we ask for $9000 off of sale price. This ended up pissing off the sellers so badly that they refused to pay for anything aside from a gas leak inspection. We thought (and yes, we're first time buyers) that they would at least negotiate with us, and we could get down to something where we didn't feel taken for a ride, and they ended up with a comfortable sales price.

The seller's agent did not know about any of the inspections so it's not as if it was factored into the sales price. At least two of the repairs (gas leak and a partial new roof for back house) are urgently needed, the others will have to be taken care of at some point.

Is there any hope that the seller will come around and kick in more than $200? After receiving our offer they said that they would rather take the house off the market and then price it $10,000 higher!

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