Home Buying in San Marcos>Question Details

laurieannewy…, Home Buyer in San Marcos, CA

Is it reasonable or common place to ask for new carpet and paint?

Asked by laurieannewyatt, San Marcos, CA Thu Jul 19, 2012

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It depends on your market. Santa Clatita has low inventory & some houses have 20 offers. You ask for carpet & paint your offer may end flat rejected.
I would never have a seller do the paint & carpet I expect. Get a credit if you think it will fly.
1 vote Thank Flag Link Thu Jul 19, 2012
It is a tougher market with low inventory, record low interest rates and home prices on the rise. You would be better off not mentioning the carpet and paint and maybe use a 203k loan which you can do a streamline 203k with 5-35k in repairs and put in carpet and paint a maybe a little more remodeling and still close in 45 days.
http://www.under640ficoscoreloans.com/Pages/203K.aspx

You even may consider CHF Access half percent down payment program which can contribute towards your closing cost as well. You don't want to ask for closing costs either in this type of market or you could be at the bottom of the multiple offer pile. The strongest offer with the least amount of investment is small down payment, pay your own closing costs and offer a little more than the market value. You have to be creative to win...

http://www.under640ficoscoreloans.com/Pages/HalfPercentDown.aspx

http://www.under640ficoscoreloans.com/Pages/ContactSheryl.aspx
Sheryl Arndt, Real Estate Broker – Sr. Loan Officer CA only
REO & Short Sale Specialist
20+ Years Experience
DRE# 01140252
NMLS# 297251
760-486-4225
0 votes Thank Flag Link Thu Nov 22, 2012
Hi Laurie,
Everything is negotiable, however you have to know when you can ask for the extras. if the house has multiple offers, than No, however if it has been on the market for a while and the sellers shows signs that they are motivated ( price drops, more open houses, info in listing that says, "seller is highly motivate, or sellers has bought another, etc...) than Yes.
Your agent/Realtor needs to make some calls, do the research and work the situation for your benefit.
Good Luck,
Thanks
Janet McCarthy
Connect Realty
jmccarthyhomes@gmail.com
858-243-5719
0 votes Thank Flag Link Wed Sep 5, 2012
Years ago we used to be able to write into the purchase contract that the seller would credit the buyer $xxxxx for improvements like paint and carpet. The banks started to want to see those improvements done prior to close and now, I don't see that happening anymore.

As Marcie points out, you may be able to negotiate into the price new flooring and paint and there are ways to make that happen, but it takes open minded parties (including agents) to make that happen. It is similar to negotiating an interest buy down by the seller, it is not the beaten path, and some sellers/listing agents might not be familiar with that approach. Logistics can also play into the situation if the property is still occupied.

So is it reasonable? Sure, it can be. Is it common place? ...Not really these days in San Diego, CA. Other states it maybe....

Understand at the outset that if you are thinking of making that a term of your initial offer, it may weaken your offer relatively speaking.
0 votes Thank Flag Link Thu Jul 19, 2012
Hi Ms. Wyatt,
It really depends on the type of transaction and the price. You will need to work with your agent to determine if you want to work in a closing cost credit to free up some money that you can invest in cosmetic repairs.

If you need a good broker, I am always happy to help!

Thanks!
Sinead McAllister
Broker
McAllister Homes Real Estate
858-205-5215
brokermcallister@gmail.com
http://www.McAllisterHomes.com
0 votes Thank Flag Link Thu Jul 19, 2012
Have you made an offer that has been accepted? If so now is an awkward time to ask for that. Presumably you saw the home before you made an offer and made your offer based on the condition of the home. Did something change?
If you have not made an offer, you should put your requests into the offer. You can ask for anything, The seller will take your requests into consideration as they consider other offers.
Hopefully you are working with a good agent who can advise you on this particular property.

I am never too busy for your referrals

Jerry Heard
Your Broker
The San Diego Property Shop
http://www.TheSanDiegoPropertyShop.com
jerry.sdps@cox.net
Direct 619-920-9796
Office 619-269-5545
Fax 619-269-9168
CA DRE # 00648687
0 votes Thank Flag Link Thu Jul 19, 2012
Not common at all. Most buyers want to install their own carpet and paint with their own colors.
0 votes Thank Flag Link Thu Jul 19, 2012
What is your agent advising...and are the necessary cosmetics already included in the list/agreed price....
0 votes Thank Flag Link Thu Jul 19, 2012
This has not been a common practice in my experience. As the other Realtors below indicated you certainly can ask for it, but the sellers can say 'no.'

Most buyers I have worked with want to pick out their own flooring and paint colors - it's usually part of making a new home 'you're own.'

When deciding whether or not to ask for these things, I encourage you to look at how the property is priced and how long it's been sitting on the market.

If the seller is asking top dollar and the home has been sitting awhile, you have more room to request what you are interested in...

On the other hand, if it's priced right, was just listed, and has multiple offers...I would counsel you NOT to ask for these extras.

If you have any other questions, please feel free to contact me!
0 votes Thank Flag Link Thu Jul 19, 2012
Great addition to the discussion Cindy!
Flag Thu Jul 19, 2012
Hi Laurie Anne,

With any request for repairs, you can ask but the seller does not have to comply. The repairs sellers must do are related to section 2 termite repairs, smoke detectors and strapping a water heater. Also, issues related to mold or health and safety issues must be fixed.

All others are negotiable.

Best of luck,

Mark & Kari Shea
Shea Real Estate
Home Sales Specialists; New and Resale Homes
Property Valuation Specialists
Land Sales, Acquisitions & Consulting
Serving Greater San Diego
0 votes Thank Flag Link Thu Jul 19, 2012
Laurieannewyatt,

Everything is negotiable! You may want to consult your REALTOR to see if the property was already priced for the current condition and make your request accordingly. Often times buyers will ask for a repair credit vs. putting in new carpet or painting before the close of escrow. The type of sale will also be a factor as if it is a short sale, it will not be allowed (most are sold as is with no repairs).

Kind Regards,

Marcie Sands, REALTOR
SImply The Best Real Estate Co., Inc.
760-644-1562
0 votes Thank Flag Link Thu Jul 19, 2012
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