Buyer, negotiating after inspection

[Jenni Lee]

Hello, 

I am in the process of buying my 1st rental property.

It's old condo 55 years old, but has remodeled floor.

It was listed fo 163K, we are buying at 156500 Cash. I believe here Sacramento is shifting to buyers market.

Anyways, we did our inspecdtion, and it came back with some issues like HVAC is original, some leaking pipes, elecric sub panel old, and some of outlets not grounded well, missing weatherstripping and so on with other minor issues.

When we get pluming out for leaking isseus, he quoted 1500 for reparing everyrething ( he is cheaper than other contractors), and replacing HVAC and ducks 

will cost about 16k. 

I am not sure how to negotiacte, if I ask seller to give us 10K discount is it too gready? 

MY realtor says just to ask seller to give 5K credit because seller already lowered the price and HVAC is working then, seller won't want to fix it. 

Thank you for your advise!

[Caleb Brown]

Quote from @Sejin Kim:

Quote from @Caleb Brown:

I would ask above what you are willing to accept so there is room to wiggle. HVAC is something you would have seen when you walked it. If an HVAC is old I would note that before offering, seller can argue you saw that before hand. When you send the resolution list out why you are asking for those items, you'll share the inspection so they'll see that when you send over. From there negotiate and see if it makes sense, if it doesn't walk away. 

 Thank you, yes its my bad, my female realtor and I didnt really look at those :( We had a several condos checked that day, I even hardly remembered the appliances. 

It was the only property that negotiated the price. 

Thanks.

 It happens. You never know where the seller is at so I would throw out something and go from there. Worst they can say is no or counter.