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Updated over 7 years ago,

User Stats

368
Posts
120
Votes
Pete Perez
  • Engineer/Real Estate Investor
  • Renton, WA
120
Votes |
368
Posts

Negotiation Question! Please Help!

Pete Perez
  • Engineer/Real Estate Investor
  • Renton, WA
Posted

Hi Everyone,

I am in the process of purchasing my first duplex and I have a question about asking for closing credits. We had inspection and sewer scoped today. Sewer looked great, both service panels need to be replaced, and sections of the siding are rotting under shower windows, and just a lot of cosmetic work. This house has gone pending 3 times previous to me. 

The property (if in tip top shape) comps at $430k and we are purchasing at $365k. We are thinking of asking for closing credits to the total of the cost to repair the panels. We are going to get 3-5 quotes on replacing both panels and come to an agreement on a price to ask for. 

My Question!

Would it be better to have this meeting to ask for this face to face and discuss it in person? 

Thanks!