We listed our home for $379,000. We negotiated, and discounted the home to $360,000 plus paying $15,000 in closing costs. I’m already pretty upset that we accepted this offer, but it wasn’t my decision, it was my family’s. I was an advocate to take our home off the market after this point to cancel the transaction.
We had our home inspection. The major problems are electric (which add up to $8800 in repairs), and water heater (which add to $2800 in repairs). Their own people came to our home to give quotes. We have a list of other repairs, but the rest are minor. It’s an old home.
We were initially prepared to receive terms to help pay for repairs, and to help pay for part of the repairs, but they’re asking to discount our home to $310,000 plus an extra $3700 in closing costs!! That’s a $69,000 from the original listing price, and $18,700 in closing costs!! That’s absurd, to the point where we’re actually offended. Especially because we know that repairs don’t even cost that much.
How should we proceed in this situation? Our agent is already an idiot who let my family accept that initial offer in the first place. He doesn’t provide good advice. Would it be as absurd to tell the buyers “no” to any repairs at all? That’s just how offended we are about these terms they’ve sent us.
submitted by /u/Lobos819
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