Buying A Home
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Our tech team has launched updates to The Nest today. As a result of these updates, members of the Nest Community will need to change their password in order to continue participating in the community. In addition, The Nest community member's avatars will be replaced with generic default avatars. If you wish to revert to your original avatar, you will need to re-upload it via The Nest.
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Note: This only affects The Nest's community members and will not affect members on The Bump or The Knot.
Roof replacement?
We had our inspection today and it went really well! Our house has been very well maintained! The only negative thing was that the roof looks like it would need to be replaced in about 3-4 years the inspector said. He told us that it's far enough out that we might not be able to negotiate for it but to just be prepared for it down the road. We are going to talk to our realtor and see what they say. What's your experiences with roofs? How much do they typically cost to change?
The other stuff was just caulking about appliances and floors and such. Not bad at all!
Re: Roof replacement?
We received a quote of $8000 for our house. DH just had a roof replaced on one of his smaller investment properties that cost $6000.
Normally with a house with 3-4 years left on a roof, seller will not be willing to replace or give repair credit but you never know. It is worth asking for, what's the worst they can say?
ours was about $6,000, our neighbor's was $10,000 - done 6 mo. apart with the same materials.
we didn't go with their contractor, but did get a quote from him that was about the same as the guy we went with.
Their roof has many peaks, dormers, and little porches; ours is pretty much a triangle.
Wait, am I reading this right? Your inspector told you what you may or may not be able to negotiate? Tell him to do his job and inspect the house! Leave negotiating to your agent!
Cost vary depending on the roof type, size, accessibility, etc. - but your agent may have references to get you free estimates from a licensed roofing contractor who will be able to tell you a lot more about the condition of the roof, the remaining life it has, and the cost to fix.
Thanks, yea that why we want to talk to our REA about it still. We are also going with an FHA loan so do you think that will make a difference?
I don't think that it is out of line for the inspector to give his opinion.
I'm still not a fan of anyone giving their opinion outside of their area of expertise, especially when you're dealing with a legal transaction. They can ask for any repairs they want and their agent's fiduciary responsibility to advise them accordingly in those negotiations, not the inspector's. Just saying. I understand that the sky won't come falling down because he wanted to voice his opinion, just a pet peeve of mine.
I believe for an FHA loan, the roof has to have at least 2 years of life left. I don't have a problem with the inspector giving them a heads up. It's not like he banned them from asking for some cash, he just gave his opinion and warned them that it might be an issue in a few years. Pricing is going to vary depending on a lot of things - sq footage, pitch, materials, etc. As long as there are no leaks or weak points, you should be able to lay another layer right on top of this one which will reduce costs.
I think it doesn't hurt to ask but then as a seller, it works and will work for a while so I'd probably deny the request.
Thanks for the tidbit on the FHA loan. I've got a call into my REA so we can discuss what he thinks is best about the negotiating factor. And of course, it won't be the end of the world if they say no. Thanks again!