We had a similar situation in Sheboygan on one of our conversions and were able to come to an agreement. 

I whipped it out and reminded them of the conversation. 

How do I know things like the cost of water and sewer, loan points, ARV (without an agent to pull comps), Capital Expenditures, or any other number of items without fully engaging the seller? 

That means if you have a flood, you will be paid a % of the cost to fully replace items such as flooring, etc. 

Guillermo:Thank you for pointing out the differences with several items.

So after our conversation, I was able to redirect my realtor and the direction I wanted to focus on.  

Structural & functional items usually need permitting (framing, roof, electrical, plumbing, etc), whereas flooring and landscaping do not. 

You also ought to see what the itemized bill is, so you know the appraisal secretly doesn't cost $2k and the HML is charging a $3k management fee.

I do tend to play the devil's advocate on BP to get the juices flowing and conversations started.I recognize the validity of the argument.

Just make sure you know how much life your water heater and HVAC have left and that you’ll have the cash or a home warranty to replace those items when they go.