Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 1 year ago on . Most recent reply

User Stats

21
Posts
5
Votes
Kate C.
  • San Diego
5
Votes |
21
Posts

Working with seller agent on condo- Is this a reasonable seller credit request

Kate C.
  • San Diego
Posted

Hello- For context, I am in escrow for a one-bedroom condo in LA that appraised at the offer price of 420K; we are putting 40% cash down. The inspection cited the need for a new electric panel; the current one works, however in n the words of one electrician, "It is Zinsco panel must be changed". In addition the inspection showed the AC is very old (20 plus years) works but is likely on its last leg. Plus- The condo is being sold without a refrigerator. I would like to ask for a seller credit to cover the costs of a new panel ($2,000)  The selling agent lives in the building and is trying to convince me everyone in the building has that same panel,

and it is not a problem. Because I am using the selling agent, I am not sure she is proactively wanting to negotiate on my behalf. When I bring this up, she suggests taking advantage of the home warranty plan that will cover costs if something breaks.

I would love to hear your reactions? Is a 2,000 seller credit reasonable? 

Loading replies...