Our buyers just did the inspection and are now asking for $17,000 cash for repairs! They want to do the repairs themselves (dad's a contractor, natch). This seems excessive to us, considering the house is only 4 years old. We've had the house inspected twice since we built it and repairs were nowhere near this extensive. I just can't believe any repairs needed would come close to that amount.
We are in a dead real estate market, so we priced the house very competitively. We got this offer within 3 weeks of listing, and have gone back and forth ever since, negotiating the details.
Can anyone give their opinion as to what a reasonable repair request would be? My husband is ready to throw in the towel over any more than $2000 because we've already 1) accepted $25k below our asking price, 2) agreed to a $3000 carpet allowance and, 3)are offering a 1-year home warranty.
We realize that if this falls thru our chances of selling this year are slim. But we can't afford to give away the house, either. I feel like this couple is really trying to take unfair advantage. I know that everyone is looking for a deal right now, but come on!