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Nit-picky buyers! Please give me your opinions.
We had an offer within 12 days of putting our house on the market. Yay!, right?
HOWEVER, the buyers have been nothing but trouble. We have a lovely, well-maintained home that is 18 years old. (Admittedly, I'm biased.) Before they even stepped in the house, they wanted to know the e-rating and manufacturer on the windows, whether or not the front storm door had a screen, etc etc etc. They have contacted the original builder, gone through the backyard with a metal detector, asked for the original landscaping plans (who has that?) and too many other requests to mention.
They had an inspection done which was perfectly fine with us. We had also had an inspector in, prior to putting the house on the market, as a proactive measure. Everything our inspector found problematic was fixed. These buyers came back with a list of problems that is unbelievable! They estimate that it will cost 10K to fix our house, which includes replacing our 4 year old trex deck.
Their offer was 360K on a 380K asking price. We agreed on 365K. (Only adding this information so you all can see we're not disagreeable.) They are 76 and 70 years old, so not their first rodeo.
At this point, I kind of want to walk away and find other buyers. We're talking about an 18 year old home, afterall.
What say you all? If I'm wrong, let me have it. I can take it! :-)
Re: Nit-picky buyers! Please give me your opinions.
Good luck to ya! ;-) How much you put up with will depend on how much you want this sale to go through so that you can be done with this home and move on in life. If your market is a seller's market - and you believe you'll have other offers shortly - then maybe you can afford to blow off these buyers. Otherwise, just meet them on things when you can.
Why do they believe the deck needs replaced? Is it unstable? Was it installed improperly?
While it is probably irrelevant ... I just get a good laugh on their age, buying another home ... and being so thorough (as most older folks are).
I guess it all depends. On one hand you have a solid offer. But on the other hand, if you feel like they are being unreasonable, or if you can't afford fixing what they want fixed, you have every right to tell them that you are not fixing anything.
Another option is to offer to pay for some of the stuff and have them pay for the rest. It seems that if they are putting so much effort into looking into everything, they really want the house.
I think maybe you and your DH should maybe sit down and look at whether you want to work with them and sell now or take the the chance of them walking away and just wait for the next offer. Since you have only been on the market for 12 days, an offer so early is great! But it's scary to let it go since you don't know if you will get another one anytime soon.
It seems like they don't understand what an inspection is totally for. It isn't meant to create a to-do list for sellers, which is how it appears they are treating this, but to instead highlight any and all problem/safety areas.
If there are legit safety concerns or legit structural/repair issues like having things to CODE, then yes, they have a case, but if they are wanting you to replace cosmetic things or do UPDATES, that's not what an inspection is intended to do.
Also, for his/her legal sake, an inspector has to list any and all possible issues that he/she sees or observes no matter how major. I've even seen an inspector list that a light bulb was burnt out...
Questions regarding the age of the structure, appliances, or mechanicals are fair game in my mind.
I'd play ball with them a little bit. They might just be putting it all in to see how far you are willing to go. Like a psych game. Anyway, I'd probably go around with them once or twice but after that, I wouldn't waste my time. And, like the PP said, it's only been 12 days.
This is kind of a strange question, but why is a couple in their golden years buying this home? Could they be gifting it to someone? It just seems like a lot of home for people in or at retirement age when most of their counterparts are downsizing or moving into retirement communities...just sayin'
I agree why are they buying a home at their age? Is it for grandchildren???
This. They are BSC. If your market is a good one for sellers, I'd tell them to take a hike.
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Thinking of doing cosmetic updates to a dated home? These were our costs.
Thank you so much for your help! I really appreciate the input and opinions.
Just got off the phone with our realtor. We are going to put the house back on the market and tell the nit-picky people to take a hike.
As to their list of complaints, a lot of it was more like a honey-do list. There are two code related items and one cosmetic thing we'll correct. Radon test came back high, and we have an estimate for $1500 to mitigate that. One of the plugs in the bathroom and a three way switch in the dining room need to be replaced. Thinking $100 or so? The trex deck is sagging in one spot and our deck guy will bolster that for $600. That doesn't add up to $10,000, does it? haha
The other things on their list were a shrubbery that might eventually need to be replaced. Oh it's 18 years old beautiful green. But yeah. The bushes outside the garden level windows need to be trimmed so someone could get out if there was a fire. But most of their complaints were about the trex deck which is 4 years old.
I feel so much better that we're going to tell them to take a hike. Who knows? Maybe they would have sued us down the road for something else. I mean a metal detector in the backyard? I wish them well and hope they find a house perfect for them. My house apparently wasn't it.
Thanks again for your input!
I was thinking exactly this. We will be nightmare buyers next time around. Of course we will have our own inspection. We will also be much more likely to walk away if requests for repairs are refused. So maybe just refuse to fix the stuff and see if they walk. If you think they're being unreasonable, hopefully you'll get better buyers if you put it back on the market. Clearly it's priced right. But as someone who's been burned, our "punch list" will probably be multiple pages at the next place we live.
Eh... my mom's house is 2300 sq ft, formal dining room, eat-in kitchen, sun room, 3 beds, 2 baths, full basement... and she wants to upgrade. My brother and I oth live OOT and around the holidays we both stay there (and my husband), plus my mom has a sewing business on the side, and her husband works from home and works with computers so he has a ton of CPUs and stuff... and he's an amature historian and literally has 10 book cases full of math, science and history stuff. They are 58 and 66. So you never know.
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