http://www.trulia.com/voices/Home_Buying/Any_way_to_include_cost_of_new_appliances_garage_d-83154Help! Im looking a purchasing a home that will immediately need new appliances and garage doors (approx.$7kin totel) The stove is barely functional and missing knobs and the garage doors are rotted with holes in them. Technically you could say its move in, but I think that is stretching it.. Is there any way to ask for this from the seller? Or to somehow get that written in to the purchase price? Im trying to avoid purchasing the home and then having to lay the cash out of pocket at the end to get these items. Thanks!en-ushttp://www.trulia.com/voices/profile/Real_Estate_Pro-Memphis_TN-668756/http://www.trulia.com/voices/profile/Real_Estate_Pro-Memphis_TN-668756/Kart, When you and your agent draw up the offer, on an addendum ask for an appliance and garage door allowance of $7,000. You're going to have to call and get written quotes for these items, though. Once you close, $7,000 will come out of the sellers proceeds but your lender will not allow the check to be written directly to you. If the garage door is going to be $3,000, a check for that amount will be made payable to the garage door company. If you find appliances from Lowes, the check will be made directly to them for the appliances, so on and so forth. Prior to closing, the attorney is going to need to know who to make the checks payable to so he can reflect it on your HUD-1. Your agent should know how to help you through this. Hope this helps!!Mon, 01 Jun 2009 14:40:03 -0700http://www.trulia.com/voices/profile/Home_Buyer-Vienna_VA-736223/http://www.trulia.com/voices/profile/Home_Buyer-Vienna_VA-736223/Chad - you say it must appear on HUD-1. Can you give me the reference?Mon, 01 Jun 2009 14:27:31 -0700http://www.trulia.com/voices/profile/Real_Estate_Pro-Greenville_SC-604581/http://www.trulia.com/voices/profile/Real_Estate_Pro-Greenville_SC-604581/If you agree to pay the price that includes the $7k, you need to ask for an allowance from the sellers to cover the costs of doing the updates. Be careful though, because you are skirting the idea of mortgage fraud if you finance the cost of those appliances for the next 30 years, not to mention you'll pay a lot more over that time for those appliances in interest. You essentially have two options: (let's say "x" is the list price) - You can agree to pay "x" dollars and have the sellers give you a $7000 rebate at closing (must appear on the HUD-1) or: - You can discount the price of your offer by $7000 and explain the discount to the sellers with a list of necessary repairs Either way, you need to make sure the home will appraise for the value of your loan, or you will be in a whole new world of problems! Good luck!Sun, 25 Jan 2009 14:16:38 -0800http://www.trulia.com/voices/profile/Real_Estate_Pro-Hopewell_Jct_NY-105765/http://www.trulia.com/voices/profile/Real_Estate_Pro-Hopewell_Jct_NY-105765/Hmmmm. There is a lot to consider in your question. It is likely that if the seller has let the property get into such poor condition, they probably do not have the cash themselves to replace all of those items prior to closing...if that's what you are asking. Your best bet is probably to adjust your offer to reflect the known repairs and appliances needed. You do not say whether you are working with an agent who is representing you (buyers agent). I will assume for now that you are and tell you that your agent will provide you with comparable sales in the area and give you an idea of what the house is worth as is. If your home inspection turns up any big surprises in addition to what you already can see, you can go back to the seller and possibly renegotiate. If on the other hand you are strapped for cash and can't afford to make the repairs even after negotiating a fair market value price, dicuss this with your mortgage lender to see what options are available. If the house does not qualify for a loan to make the repairs, it may be best to hold off any purchase until you are in better financial shape, or consider buying a less expensive property. Obviously, I am guessing a bit because I don't know all the circumstances. But your agent, assuming you have one, should be able to guide you further. Best wishes.Sun, 25 Jan 2009 11:17:23 -0800