UPDATE: Well we aren’t getting the house anymore. The guy selling it was a real tool. His asking price was $149,500, we offered $140,000 and he said no, that he would only take asking price. We countered with $142,000 and he laughed and said we were crazy. After that, we said we weren’t interested anymore because the guy was being so difficult to work with, so we walked away from the deal. Well it turns out that his mother is on the deed with him and called the realtor when she found out about our offers and asked if we would consider $145,000. We agreed to that and started to move forward with the inspection and mortgage application. We went for the inspection and found out that there was a bowing wall in the basement, the water heater sprung a significant leak while we were there, the electrical line needed fixed, the roof was already 15 years old, the windows were single pane glass, the A/C was ancient, none of the GFI’s worked, and the Radon gas was over the acceptable limit. We asked for the wall, electrical, radon, and water heater to be fixed but he refused to spend any money on the house. He said that he didn’t have the cash to fix the stuff and he wouldn’t change the price, so we walked away from the deal. I still can’t believe that the guy wanted $149,500 for a 3 bedroom ranch with a 2 car garage (2 cars deep not side to side) with an un-updated finished basement, old windows, an un-updated kitchen (still had cabinets from the 50s), and had all the issues that I mentioned. Not to mention the second bathroom that was in the basement needed completely redone. I think he was lucky to get any offer at all in this market. He will be sitting on this house for years if he keeps being such a prick.
Thanks for all the help and recommendations though.
Wow, that sucks. That guy really is a tool. Your requested repairs were quite reasonable (except maybe the radon thing, to me thats nothing but a huge scam, but thats JMO). Those items were basic mechanics, that he is going to have to deal with anyway. I don’t blame you for walking, i think i would have flipped the tool off on the way out the door.LOL:finger: