wabmester
Thinks s/he gets paid by the post
- Joined
- Dec 6, 2003
- Messages
- 4,459
We hit a little snag in our real estate transaction. I think it's resolved, but I'm curious to hear what others would do in this situation.
Buyer makes an offer with the standard inspection contingency.
Their inspector finds the usual minor things, but indicates that the deck (about 800 sq ft) is near the end of its useful life and recommends replacement.
Ugh. We had already replaced rotten wood and repainted the deck as part of the staging, so we've got $1000 into it, and the buyers are basically asking to sink that cost and credit them $10K for a new deck. We get a couple of deck guys to look at it, and consensus is that there is no safety issue and decking has between 2 and 5 years of life left in it.
My position is that this is a resale, not a new house. We'll address code violations, safety issues, etc, but we're not going to upgrade wear-and-tear stuff to new condition.
Buyers are freaked by the tone of the inspection report, so they want a new deck.
Would you:
a) hold firm, and possibly kill the deal?
b) give them a new deck?
c) split the cost?
d) ask an internet forum what to do?
Buyer makes an offer with the standard inspection contingency.
Their inspector finds the usual minor things, but indicates that the deck (about 800 sq ft) is near the end of its useful life and recommends replacement.
Ugh. We had already replaced rotten wood and repainted the deck as part of the staging, so we've got $1000 into it, and the buyers are basically asking to sink that cost and credit them $10K for a new deck. We get a couple of deck guys to look at it, and consensus is that there is no safety issue and decking has between 2 and 5 years of life left in it.
My position is that this is a resale, not a new house. We'll address code violations, safety issues, etc, but we're not going to upgrade wear-and-tear stuff to new condition.
Buyers are freaked by the tone of the inspection report, so they want a new deck.
Would you:
a) hold firm, and possibly kill the deal?
b) give them a new deck?
c) split the cost?
d) ask an internet forum what to do?