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Need Help my Zillowers!

i am in a process of buying a house for 140k and need advice on what i can negotiate on repairs. i feel like they should repair all since they only bought it for 110,000 in 2010. 
here is the link for the home inspection.

discoverhorizon.com/dl.aspx?i=YPzdv4mjKCgzzz
  • January 30 2014 - US
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Answers (6)

Well if the Realtor wants it done - then do it  !  

Im guessing ONE agent is representing BOTH sdies ??

PS -  good luck...
  • January 30 2014
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Profile picture for BronsonTran
the realtor wants this done. you know like a car saleman that wants to sell a car.......... but this is actually 647 guinness place not 646. i dont know why they did that.
  • January 30 2014
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Ill take the other side of the coin... Sometimes, yes, what a person previously paid for a property may come into play - but there are a lot of variables to look at when looking at the previous sale price.

Per Zillow, though, 646 Guinness Place (great name BTW) sold last in 2003, not 2010, so Im not sure if that sale in 2010 was a true 'arms length transaction', If it was not I would disregard that transfer.

That said, median prices of SFRs in Wake Forest are roughly what they were in mid-2010, (but  increasing ), so yes by that yardstick you are over-paying so maybe think about asking seller to repair all inspection related items.....

WHAT does your agent say ? ? ? ?
  • January 30 2014
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thank you wetdawg and edyta for your opinion. i dont know its hard to buy something when you know that person bought it for that amount and jack it up 30k and did very little fixing. maybe its just me. its like buying a car in 2010 and selling it for 3k more in 2014. its not an antique nor its gold. is my common sense out of wack? am i crazy?
btw i didnt figure that out til after i signed the papers...... =/
  • January 30 2014
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I completely agree with wetdawgs. You should not use an argument what the buyer paid for.
You may ask: to have them repair all or certain items, or ask for credit for repairs at closing. Please remember (depending what your contract says about inspection results and potential repairs, credits etc) seller may agree to do certain or all repairs, provide credit or not. Propose sth to seller and see what they reply. Good luck!
  • January 30 2014
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The price they paid has nothing to do with it. What matters is the current fair market value of the home for the current condition. Yes, you can negotiate but do it around fair market value and not what they paid for it.
  • January 30 2014
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