All Forum Posts by: Dav Pohote
Dav Pohote has started 6 posts and replied 30 times.
Post: Inspection report when selling a house *electrical panel*

- Posts 30
- Votes 11
Update: Buyer Agent sent a notice of termination over her inability to interpret the report. We made concessions including covering the cost of a brand new panel, she kept digging more and embellishing matters to her clients. Also had a roofing contractor lie about the state of the roof in hopes of getting a new one - when our own roofer said there was nothing wrong with it and the life span of a roof is a lot more than 10 years.
Relieved but a nightmare of a person to deal with. I doubt the buyers know who is representing them.
Post: Inspection report when selling a house *electrical panel*

- Posts 30
- Votes 11
Quote from @Corby Goade:
Quote from @Dav Pohote:
Quote from @Corby Goade:
Here's the thing- sure, code changes and in most cases, older homes get grandfathered in. That said, with this buyer, sounds like you're either going to be replacing the panel or they'll be pushing back for a credit because of this issue. You have to decide how you want to handle it and if you push back too hard, go back on the market and try again. What was your DOM before you accepted this offer?
Then what is your concern? Tell them no, sounds like you'll have no issues if you go back on the market. I did the same on a listing a few weeks ago and ended up netting an extra $10K.
In general, what the next buyer will have an issue with or haggle over. Getting it over with. The agent is saying we have to disclose this info and making a big deal about it for the next buyer if they withdraw offer.
We've gone back to the agent and see what she responds with.
Post: Inspection report when selling a house *electrical panel*

- Posts 30
- Votes 11
Quote from @Marcus Auerbach:
You are not required to update your house every year and you are not required to fix anything on the inspection report. This is simply a negotiation.
If you want to keep the deal together offer them a couple grand closing cost credit and if not find another buyer!
But also consider, if you go back on market, you'll be asked what happened and might get a lower offer than you have.
Pro tip: don't make this about who's right and who's wrong. Your holding cost is likely going to be more than a couple grand. Do what's best for your bottom line.
I have done exactly that while recommending contractors I have worked with that don't upcharge like crazy (unlike the people they sent) - let's see what their response is.
Post: Inspection report when selling a house *electrical panel*

- Posts 30
- Votes 11
Quote from @Corby Goade:
Here's the thing- sure, code changes and in most cases, older homes get grandfathered in. That said, with this buyer, sounds like you're either going to be replacing the panel or they'll be pushing back for a credit because of this issue. You have to decide how you want to handle it and if you push back too hard, go back on the market and try again. What was your DOM before you accepted this offer?
Post: Is this an exterior shut off for electrical or just related to AC's?

- Posts 30
- Votes 11
Quote from @Alan F.:
Quote from @Dav Pohote:
.
Thank you, I can always shut them off and see what happens but wanted to avoid any unnecessary issues ;p
Post: Inspection report when selling a house *electrical panel*

- Posts 30
- Votes 11
Quote from @Theresa Harris:
You can't expect a 25 year old home to be built to today's standards. Unless there is a known problem (ie overloaded circuits), I wouldn't do anything. It passed the code of the day and 25 years is not that old for a home. Nothing for you to worry about.
How long has it taken you to get an offer? It the market is moving quickly, tell them it is to code of the day it was built and you're not willing to do anything. Remember they have also invested in the home with the inspection, so they may not be as willing to move on to another home.
It's in a well sought after neighborhood with good schools that I remodeled to appeal to modern tastes. Offer received within first week with plenty of showings. However, the upstairs bathrooms aren't remodeled and they didn't say anything about that.
Closing is 24th -- I want to go back to them with something concrete rather than arbitrarily say "As is, take it or leave it". What I'm getting from BP is it was code in '97, have never had any electrical problems, all appliances and a/c's are new and functioning well, so if you want you can do that on your own dime.
I'm fine with whatever they choose to do, there's plenty of interest and we're early in the summer.
Post: Is this an exterior shut off for electrical or just related to AC's?

- Posts 30
- Votes 11
Post: Turning over a rental unit with a smoker

- Posts 30
- Votes 11
General question about smokers - Can we charge a flat annual fee to a smoking tenant to run an ozone machine? The walls will likely have to be primed and painted as well once they're out so it's an additional liability.
I took over a small home with a previous owner animal that peed everywhere and it seeped into the sub concrete. Floors had to be removed and concrete vinegarized. Time consuming.
Post: Inspection report when selling a house *electrical panel*

- Posts 30
- Votes 11
Quote from @Greg Scott:
Codes change all the time for various reasons. Imaging taking a house from 1920 and trying to update it to 2024 standards. In many cases it may be physically impossible.
Unless your panel has been recalled or has a known hazard issue, I wouldn't touch it. If the buyer walks, what do you a have to say to the new buyer? Talk to your realtor, but I wouldn't think you dont have to say anything. The panel was compliant with 1997 codes when it was built. It is grandfathered from code changes.
I don't have to say anything. It is in perfect working condition and has never had any problems. Agent thinks they just want a price reduction so demanding as much as possible. But I have wondered abou the ease I can sell a house if everything is not up to code, code being an ever evolving technicality as you stated.
Post: Inspection report when selling a house *electrical panel*

- Posts 30
- Votes 11
Selling a house and agreed to terms with a buyer *pending inspection report*. We got the inspection report back and boy... that inspector nitpick. The microscopic distance of the attic vent, insulation spacing, the smoke detectors not being in sync when 1 rings etc.
However, the legitimate issue was regarding Electric. It's relatively outdated as it's a '97 house and apparently code has evolved in the past 25 years.
For one, it claims the Electrical Panel breaker box cannot be in the master bedroom closet (which is where it's located) nowadays and there's no outside shut off valve. No surge panel is installed in the electrical panel. Therefore, it's not up "to code" and it is recommended installing the panel elsewhere.
This is essentially a $6,000+ job of a brand new panel and outside shut off valve for what was previously a perfectly functioning system that had never given any issues.
What is the recommendation of those with expertise in this situation? If I say sell the house as is, and the buyer walks, would future buyers be deterred by an electrical panel in the closet? Do I go back saying I'll make the recommended changes to electrical panel, but keep it in the closet? Will I receive a permit for the outside shut off valve if the electrical panel is in the closet (ie, would we have to mention that)?