What is the best way to negotiate with an already firm seller after the home inspection?
The sellers want to pay very little out of pocket, we found this out when they didn't want to pay even half of the closing costs. But after the home inspection the electrical panel for the house must be replaced b/c it is outdated and they tend to cause fires (Federal Pacific panel). Also there were a couple leaks in the roof and the house still has galvanized piping that has a few leaks in the crawl space. We are wanting them to take $1,500 off the purchase price rather than them making the repairs. The problem is that they are very firm on their pricing when we first started negotiating before we had a contract. So how do we negotiate w/o breaking the deal, we love the house and are set on buying it.
.......and, it could be that they took these items into consideration when pricing and negotiating the price up front. Perhaps if you got a "deal" these are things you may consider fixing yourself after closing....
Negotiations are not always easy. I presume you are working with an agent? Ask them how they plan to negotiate on your behalf. In regards to the Federal Pacific panel, many insurance companies will not insure these....it will most likely need to be replaced prior to being insured. Since the repair items are largely maintenance issues, I would provide them with estimate with your negotiations, so they can see that you are being very liberal with your request. Best wishes.
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Fair Housing and Equal Opportunity