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I understand bidding low if a house needs renovation. But what can a buyer use to negotiate on a house when they don’t see too many negatives?

Thanks to sniper from streeteasy.com for this good question.

 

Typically on a house the buyer makes an offer, and then uses the inspection to get some kind of credit or rollback. So when we sold the beach house (Nassau County) the buyers asked that we correct the slope of the driveway because there was a water spot near the house; prune a tree that had broken the garage soffit line, thus weakening the roof; and have an electrician come in and remove a tangle of wires in the basement on the grounds that they were a fire hazard.

Other than those things (most experienced buyers would have caught the wires, but not necessarily the roof impingement or the driveway), it is typical for a suburban buyer to ask about leaks, pests, mold, and site-specific things — like in an older community, that was built when homes were heated with oil, you would ask if there was a buried old tank.

That’s all stuff that’s generally in the category of “seller doesn’t have to disclose, but has to give a truthful answer when you ask the question.”

I would also get a separate termite inspection, since the little critters are really easy to deal with if you catch ‘em early, and a beast if you catch ‘em late.

Posted in For Buyers 10 years, 1 month ago at 11:17 am.

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