Inspection Issues in house

[Laura Kastner]

Hi All,

I’m in escrow on a place in the desert near JT. The sellers asked 40K over ask on a newly renovated house in a beautiful location. The inspection came back with some electrical & plumbing issues. I called a local plumber, but they won’t estimate or even look at a place in escrow. One main issue for me is that the water heater is 5 years past it’s lifespan. My realtor is saying these issues are 1k and to ask for 2k credit, but I’m looking at these issues and they seem beyond 1k. 

Any suggestions?

TIA

[Caroline Gerardo]

Send me the inspection report and I can cost out the repairs for you from the photographs, free. If you are doing a conventional loan the lender is going to require electrical and plumbing health and safety issues to be repaired and the seller won't fix a thing in this market. Is your appraisal short as well? Seller isn't going to give a credit they have backup buyers calling. 30 gallon water heater $700 to replace including installation // a 50 gallon $2000 // tankless may be cheaper and take less space $800- 1000