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Updated over 1 year ago on . Most recent reply

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21
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5
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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? 

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