Good question.....the simple answer is everything up for negotiation.
It all depends what the contract says. After that, everything is simply an opinion. Much depends on if it is a buyers or a sellers market. In a seller's market, the seller has much less incentive to fix anything because he knows that he can find a buyer who will not burden him with repairs, who will buy the home "as is".
In a buyer's market, where homes sit for weeks without an offer, the buyer can request almost anything....if the seller wants the deal to close, he will do it.
Personally, I have a different and somewhat unique viewpoint on this. Sellers for the most part will fix issues in the cheapest manner possible, and the repairs might be sub-standard. Often they might have known about the issue, but did not really care until it because a stumbling block to the sale....so they might fix it fast, cheap and not as well as you as the buyer would like it to be fixed.
Whenever I buy a used home, I will point out the issues that are significant, and figure out how much the repair will cost, and offer a fair price for the home, minus the cost of ME having the repairs done. If the accept that offer, fine...if not, then I will pass on the home.
I as a buyer do NOT want to seller to do the repairs. I buy the house as is, for a price that factors in the needed repairs.
The problem lies in sellers who want, and often get, top dollar for a home that does need a lot of repairs, and buyers who want a brand new perfect house for a "used home" price. Common sense and the market need to prevail.
There are always 3 factors to a home selling....price, location and condition.
This is a topic that can be discussed for hours....location is not something easily changed, condition suitable for the sale varies...I have bought great homes for a great price because I like homes that need some work, then I have seen houses that might look nice, but have huge underlying problems, (the lipstick on a pig, flipper type house), and everything in between.
On an older home you can often tell if it was well taken care of or not. Every house has a fair price based on condition and location. Expectations need to be based on the market and the condition of the home.
Frank
__________________
Florida licensed Home Inspector #HI688. (352) 250-7818
|