Long story short; my Brother and I are selling our deceased Father's house.
Our agent is pushing us to put a new roof on the house and file an insurance claim for hail damage that is honestly minimal to almost non-existent from a recent storm. We would have to pay a $1,000 deductible to maybe get $1,500 from insurance once they depreciate the roof.
I don't know the exact age on the roof but I am guessing 13-15 years into 20 year shingles. In typical fashion the agent had a 'trusted' contractor look at it, of course he said it needs immediate replacement due to hail damage to the tune of $5,500+ minimum.
Everyone that has seen the house is trying to get a Rural Development loan and is demanding a guarantee of a new roof before they make an offer so the feds will even loan the $$$.
I have my heels dug in due to the current price (way below value) and the time/money we have invested so far (full paint, full carpet/padding, serious cleaning and major yard/landscape overhaul).
I have made our agent the following offers:
1) simply add a 2nd layer of shingles by paying out of pocket and they don't get much wiggle room on price
2) try the insurance route and I want list price if not higher
We aren't in financial need to sell the house and if it doesn't sell it would rent in a HEARTBEAT. We just don't want a rental in this particular town due to inconvenience and this is why we are even trying to sell it instead of adding to our current group of rentals. I am more perturbed that people are making 'demands' of us when they clearly don't have the money to make a solid offer and put a roof on themselves.
Our agent is pushing us to put a new roof on the house and file an insurance claim for hail damage that is honestly minimal to almost non-existent from a recent storm. We would have to pay a $1,000 deductible to maybe get $1,500 from insurance once they depreciate the roof.
I don't know the exact age on the roof but I am guessing 13-15 years into 20 year shingles. In typical fashion the agent had a 'trusted' contractor look at it, of course he said it needs immediate replacement due to hail damage to the tune of $5,500+ minimum.
Everyone that has seen the house is trying to get a Rural Development loan and is demanding a guarantee of a new roof before they make an offer so the feds will even loan the $$$.
I have my heels dug in due to the current price (way below value) and the time/money we have invested so far (full paint, full carpet/padding, serious cleaning and major yard/landscape overhaul).
I have made our agent the following offers:
1) simply add a 2nd layer of shingles by paying out of pocket and they don't get much wiggle room on price
2) try the insurance route and I want list price if not higher
We aren't in financial need to sell the house and if it doesn't sell it would rent in a HEARTBEAT. We just don't want a rental in this particular town due to inconvenience and this is why we are even trying to sell it instead of adding to our current group of rentals. I am more perturbed that people are making 'demands' of us when they clearly don't have the money to make a solid offer and put a roof on themselves.