How to negotiate utility concessions as a credit, and before or after getting the appraisal back?

My offer of about $130k was accepted for a one-bedroom in each unit duplex. The closest comparable, a two-bedroom in each unit duplex, sold for $110k very recently. Even though the comparable has double the bedrooms (and bigger), the offer house has a short concrete driveway and a functional two-car garage.

Some of electrical needs to be redone, from the safety section of the inspection report, and some other utility related things total about $5000. (This is not accounting for “improvement” related items such as replacing the 30-year-old furnace and smaller projects.)

The appraisal should be back today or tomorrow. Should I ask for concessions for the utilities now? Or should I wait until the appraisal comes back? Is there a limit, such as 3%, to the amount of concessions based off the appraisal in Wisconsin? Is this percent separate from the utility concessions?

I am not trying to get a deal. I just want to break even when I sell the place in 1-3 years. (I will be living in one unit, and renting out the other. One tenant’s rent is $425/mo. In 1-3 years, I will change jobs.)

submitted by /u/attractiveIncelModel
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My offer of about $130k was accepted for a one-bedroom in each unit duplex. The closest comparable, a two-bedroom in each unit duplex, sold for $110k very recently. Even though the comparable has double the bedrooms (and bigger), the offer house has a short concrete driveway and a functional two-car garage. Some of electrical needs to be redone, from the safety section of the inspection report, and some other utility related things total about $5000. (This is not accounting for “improvement” related items such as replacing the 30-year-old furnace and smaller projects.) The appraisal should be back today or tomorrow. Should I ask for concessions for the utilities now? Or should I wait until the appraisal comes back? Is there a limit, such as 3%, to the amount of concessions based off the appraisal in Wisconsin? Is this percent separate from the utility concessions? I am not trying to get a deal. I just want to break even when I sell the place in 1-3 years. (I will be living in one unit, and renting out the other. One tenant’s rent is $425/mo. In 1-3 years, I will change jobs.) submitted by /u/attractiveIncelModel [link] [comments]

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