Under contract on a house that has been used as a rental property for the past 5 years since it was renovated. Inspection uncovered some issues that it’s likely the sellers were unaware of given they live in another state (missing shingles and rotted soffits on the older part of the roof, a few joists in there basement that should be reinforced) and some I can only assume their tenant told them about (water in the unfinished basement – likely due to the sidewalk and curb being too low) and so we asked for a credit to have them (along with some other things) fixed.
They came back and want to have the contractor who worked on their daughter’s house fix almost everything we asked for (and we’re still negotiating the last few items) rather than give a credit, offered to have it all done in early August so we’d be able to have another inspection and provide receipts/invoices for all the work.
I know conventional wisdom is to get the money and do it myself but that doesn’t seem to be something they want to do and just wondering how badly I might be screwing myself if I just accept. Given that if they said flat out no to anything, I’d probably not sink the deal since I’m happy enough with the price and the $10K in repairs would have just been nice as a credit to take care of the issues since after closing I’ll be a little cash strapped cause I won’t be listing my current house til after I’ve moved out – but within 60-90 days I’ll have a nice cushion for repairs and upgrades, etc.