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Updated over 8 years ago on . Most recent reply

Account Closed
  • Miami, FL
5
Votes |
42
Posts

Home warranty

Account Closed
  • Miami, FL
Posted
I'm in the process of closing on my first home/duplex and the seller stated that they would only fix appraised items. I countered that out and just encourage the seller that i won't be crazy but will ask for normal things to be repaired. I felt this was fair because I haven't even seen the other size of the duplex because its occupied. They responded and said they would only do a home warranty and still won't do home repairs. What would you do? I'm nervous and very scared it's my first deal but I feel like I may be walking in this with a blind fold. The side that I went in looks almost perfect it was built in 2003 and the offer price was $239k and they accepted my $225k.

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User Stats

84
Posts
21
Votes
Joel Fischer
  • Henderson, NV
21
Votes |
84
Posts
Joel Fischer
  • Henderson, NV
Replied

My personal feelings only. If total repairs needed are under something like 1k on the side you can see I probably would do the deal especially with home warranty. The 1k is subjective but the idea is don't lose a deal over a small amount of money.  What concerns me is not seeing one of the units. That would definitely kill the deal for me. Buying a property sight unseen is always a bad idea.  You have no clue what the tenant might have done to it. Also, how do you get a loan without people getting in to inspect/appraise?

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