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All Forum Posts by: Elena Koyun

Elena Koyun has started 5 posts and replied 21 times.

Post: Negotiating price down after inspection

Elena KoyunPosted
  • Madison, WI
  • Posts 21
  • Votes 12

@Cameron Don Meals Glad to hear that this info was useful! Good luck with your purchase! 

Post: Negotiating price down after inspection

Elena KoyunPosted
  • Madison, WI
  • Posts 21
  • Votes 12

@Steve K.

Thank you for your comment. Our plan was not to ask to buy us new appliances, it was to share the experience because, yes we didn't notice, that furnaces, water heater, and other mentioned items are older than what was told to us when we asked. 

My mistake here, as I see, is that I put everything that inspector pointed out at on here. However, I wanted to know what really matters to bring up and what not. When I was a resident manager for a 20-unit building that I assisted to sell, we went through little stuff - changing greasy filters, upgrading outlets, power washing wood balconies, painting, fixing landscaping etc. Just like in my case now everything was done after the inspection. 

Of course, our agent was involved. We never even spoken to the owners. By the way, we did agree on a sum with a seller that is satisfactory to us. I still think Mark wrote a nice comment. 

Thank you, everyone, for your inputs. We are off to the next step in the process. 

Post: Negotiating price down after inspection

Elena KoyunPosted
  • Madison, WI
  • Posts 21
  • Votes 12

@Mark Burlison Thank you! You are the only person who said something nice :) Unfortunately we do not have a friend contractor though! Lucky you! 

Post: Negotiating price down after inspection

Elena KoyunPosted
  • Madison, WI
  • Posts 21
  • Votes 12

@Caleb Heimsoth Seller already said - give me the number :) so, we are just coming up with a number. Some of the things on the list above we have taken off because it doesn't matter much

Post: Negotiating price down after inspection

Elena KoyunPosted
  • Madison, WI
  • Posts 21
  • Votes 12

@Don Gouge  - as I mentioned this is our first property and when making an offer our Real Estate agent did say that all the negotiations on the price we can do after the inspection and apprizal.

Post: Negotiating price down after inspection

Elena KoyunPosted
  • Madison, WI
  • Posts 21
  • Votes 12

Tim Jonson - Inspector wrote in suggestions as "budget to replace or exceeded its life" 

Windows have fog between layers of glass - inspector also recommended replacement

Sink is not missing but has damage - recommended replacement

Overall condition of the house is good. We are not buying a rehab. 

Deck railing is a safety issue

That's what we do not want - to give an impression of going after small stuff. 

Post: Negotiating price down after inspection

Elena KoyunPosted
  • Madison, WI
  • Posts 21
  • Votes 12

Hello,

We are buying our first duplex. After the inspection about to ask for a price reduction. Since this is our first time I was wondering on opinions of others on how much to ask and how to include the cost of labor even though we will be doing most of the fixes ourselves. Here is the list:

Asphalt cracks fix up – coding for driveway

Railing/ spindles for decks x 2 - both decks are about 8x8 feet

Power wash for deck

Stain for Deck x 2

Garage doors x 2 - need to replace both

Air conditioners – 2 - need to install new ones, the current ones are rusty and old

Heating system Furnace x2

Water heater x1 - 40 gal 

Windows  – 2 lower level double hang 2x2 feet; 4 bedroom – double hang 3x3,5 feet; living room - 1 big window 4x4feet - steel

Chimney top cover x2

1 New toilet  

1 New sink with the stopper 

 1 Fan for downstairs bathroom 

2 bathroom fans

1 Stove 

1 Dishwasher 

Bathroom wall fix - about 20"x20"  drywall water damage next to the tub

Garage ceiling fix - old damage, no leaks about  a square foot 

2 Toilet needs to be tightened to the floor. 

2 Filters replacement for kitchen fan

Kitchen cabinet missing 2 doors 

We are about to find all the pricing on all the things that we can buy.. but we do not know how to incorporate labor into this quote. We are also on a 1-day time frame. We appreciate any suggestions! Thank you!

Post: Buying short sale and bank-owned

Elena KoyunPosted
  • Madison, WI
  • Posts 21
  • Votes 12

@Charlie MacPherson Thank you for the example! I think now that we should wait till we have our own place and then, when we do not care about the time, look into the short sale. 

Post: Buying short sale and bank-owned

Elena KoyunPosted
  • Madison, WI
  • Posts 21
  • Votes 12

@Bob Floss II thank you for FHA differences explanation!

Post: Buying short sale and bank-owned

Elena KoyunPosted
  • Madison, WI
  • Posts 21
  • Votes 12

Thank you, Chris, for bringing up 203k loan! I will bring it up if we find the right "as is" property.